Tag: Saudi Central Bank
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...
Saudi Central Bank issues regulations for debt crowdfunding activities
The Saudi Central Bank (SAMA) has issued regulations for the debt crowdfunding activities, which are aimed at regulating the licensing requirements for the companies,...
Saudi Virgin Mobile joins SAIB for mobile-based financial service
Virgin Mobile's Saudi operations has signed an agreement to be a 'strategic agent' for the Saudi Investment Bank (SAIB) to enable mobile-based financial service...
Saudi Arabia strengthened its anti-money laundering regulatory framework
Saudi Central Bank Governor H.E. Dr. Ahmed Alkholeify said that the Kingdom has strengthened its regulatory and legislative framework to tackle money laundering and...
Fintech innovation vital for finanial sector development: SAMA Governor
The Saudi Central Bank (SAMA) Governor H.E. Dr. Ahmed Alkholeify said that the central bank wants to see more competition and development in new...
