Newsweek

Banking sector is platform for growth

With more than a dozen players of varying size, Saudi Arabia’s banking industry is well capitalized, a key conduit for FDI and trade, and complemented by a financial services sector comprising insurance companies, specialized lending institutions, and the stock exchange (Tadawul).

Industry guardian the Saudi Arabian Monetary Authority (SAMA) operates as the central bank, with its remit including the supervision of banks and financial entities, management of monetary policy, and responsibility for ensuring strict compliance with banking system rules and regulations. The banking sector is at the heart of Vision 2030, with the

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