Tag: Saudi Central Bank
SAMA Governor & ECB President discuss developments in central banking
Saudi Central Bank (SAMA) Governor Ayman Al-Sayari has received European Central Bank (ECB) President Christine Lagarde at SAMA headquarters in Riyadh.
During the meeting, the...
SAMA issues rules to regulate BNPL companies
The Saudi Central Bank (SAMA) has issued 'Rules for regulating buy now pay later (BNPL) companies', as part of its role in supervising and...
Saudi Central Bank signs cooperation agreement with MAS
The Saudi Central Bank (SAMA) has signed a cooperation agreement with the Monetary Authority of Singapore (MAS) in the fields of fintech (finance technology)...
Saudi’s SAMA & CBUAE sign MoU for mutual supervision of insurance...
The Saudi Central Bank (SAMA) and the Central Bank of the United Arab Emirates (CBUAE) have signed a Memorandum of Understanding (MoU), which aims...
Saudi SAMA opens public consultation on implementing payment laws
The Saudi Central Bank (SAMA) has opened a public consultation on the draft implementing regulation of payments and payment services law.
In the interest of...
Saudi Arabia’s expat remittance surged 19% in 2020
Saudi Arabia recorded an increase of 19.25 percent in remittances from expatriates during 2020, with the average annual transfer jumped to about $6,375.44 during...
Saudi Central Bank unveils ‘Sarie’ to promote national payments’ ecosystem
The Saudi Central Bank (SAMA) has launched the instant payment system (IPS) Sarie, under the patronage of the bank’s governor, Dr. Fahad bin Abdullah...
Saudi Central Bank gets Fahad Al-Mubarak as its new governor
Saudi Arabia’s King Salman has appointed Fahad Al-Mubarak as governor of the central bank (SAMA), one of the Kingdom's most sensitive positions, by replacing...