Page 11 - Financial Sector Development Program News Today

Abdul Latif Jameel Finance has announced the launch of a mobile application for its “Cash Jameel product,” an Islamic Tawarruq product that allows individuals to fulfill their financial needs safely by applying for a desired amount of cash and getting an immediate initial approval. Cash Jameel’s product, via mobile application, is among the first financial products of its kind

The new budget focuses on promoting economic growth, addressing challenges and empower the private sector.

RIYADH: Saudi Arabia’s benchmark index recovered on Tuesday after registering a massive fall on Monday, signaling the surging volatility in the market. The Tadawul All Share Index on Tuesday gained 25 points to close at 10,444.27 points after touching a low of 10,282.81 at 10:31 a.m. Saudi time. The recovery came close on the heels of the 304 points crash the bourse witnessed

Paymentology, the world’s first truly global issuer-processor, is today proud to announce its support of customer Tweeq, a leading Saudi Fintech, on being among the first in the Kingdom to achieve an e-money license from The Saudi Central Bank (SAMA). With its official SAMA license, Tweeq will soon launch its mobile-first super-app which boasts an ecosystem of features and

Saudi Arabia’s capital markets will play a key role in funding not just private sector investments but also giga-projects such as Neom, the IPO for which is expected in 2024, said S&P Global Ratings.

Tadawul Advanced Solutions Company Wamid has signed a sale and purchase agreement with National 2 Ventures (N2V) to acquire 51% of the issued share capital in Direct Financial Network Company (DirectFN).

RIYADH: As Saudi Arabia aims to diversify its financial sector by accelerating development in fintech, its central bank has granted another license to a new payment technology firm, Tweeq International financial Co., to offer e-wallet services in the Kingdom.

Saudi British Bank has partnered with Saudi Payments and Visa to launch SABB Procurement Card, designed specifically for its corporate and business clients to manage everyday payments digitally. This is part of the bank’s ongoing efforts to provide banking products and services that meet the highest standards for all customers. The newly introduced procurement card enables

It was organized by the partners of the Financial Sector Development Program (Ministry of Finance, the Saudi Central Bank, and the Capital Market Authority), in the presence of more than 300 experts and specialists in the financial and business sectors, investment funds management, and the debt market.

The Saudi British Bank (SABB) has partnered with Saudi Payments & Visa to launch SABB Procurement Card, designed specifically for its corporate and business clients to manage everyday payments digitally.