Page 12 - Financial Sector Development Program News Today

The Capital Market Authority (CMA) approved 116 requests from Saudi listed companies to raise capital between January 2018 and the end of 2022 first half.

The Saudi Central Bank (SAMA) has issued its open banking framework, a set of legislation, regulatory guidelines and technical standards...

RIYADH: Seamless, a conference and exhibition covering the latest innovations in payments, financial technology, retail and e-commerce, will begin on Wednesday at the Riyadh International Convention and Exhibition Center. “We are proud of our partnership with Saudi Payments to launch Seamless in Saudi Arabia, which represents a platform to exchange ideas and share knowledge in

Open banking is a new concept in the financial industry. It is the practice of enabling customers of financial institutions to share their financial data securely with a third party provider, which in turn provides new and innovative financial services and products for customers.

Luna Space Financial Company launches its new identity 'Nami' in Saudi market

The listing of Saudi Arabian Oil Co. in 2019 was a historical moment for Saudi Arabia and became the catalyst for accelerated activity in the Kingdom’s capital markets. The world’s largest initial public offering valued the company at $1.87 trillion on its first trading day, propelling the Saudi Exchange into the global limelight and stimulating interest in the region’s

While Saudi Arabia’s fintech sector presents opportunities for entrepreneurs, VC investors and consumers, there are specific, long-standing challenges hindering the market’s full potential.

Saudi Arabia's Ministry of Finance,and the National Debt Management Center signed an agreement with the international banks, including BNP Paribas, to join primary dealers in government debt instruments. The deal also includes CitiGroup, Goldman Sachs, Standard Chartered and J.P. Morgan, the ministry said in a statement released on Oct 3.

RIYADH: Saudi Arabia’s financial sector aims to increase the total assets of the banking sector to over SR4.5 trillion ($1.2 trillion) by 2030, the Kingdom’s Minister of Finance said. During his speech on the occasion of the 92nd National Day, Mohammed bin Abdullah Al-Jadaan added that the total banking assets amounted to SR3.5 trillion by the end of the second quarter of

Saudi Electronic Info Exchange Company (Tabadul), a leading provider of innovative digital and smart financial services, has signed a memorandum of understanding (MoU) with Fintech Saudi initiative in Riyadh.