Page 17 - Financial Sector Development Program News Today

Operating revenue was down 11.6 per cent year-on-year at 293.9 million riyals

The group achieved a net profit after zakat of SR140.6 million in Q1 2022, a 21.7% YoY decrease from SR179.6 million in Q1 2021, and a 27.3% increased from SR110.5 million in Q4 2021, as following:

RIYADH: Saudi banks are betting big on the digital future. In the first three months of 2022, 13 bank branches and 81 ATMs were closed in a further sign of the growing digitization of the sector, data from the Saudi Central Bank reveals. The COVID-19 pandemic, together with the Financial Sector Development Program included in Saudi Vision 2030, affected the banking and payment

Open banking, where financial institutions share a customer’s financial details once consent is granted, is increasing in popularity across the Middle East. It is transforming Saudi Arabia’s financial services sector by encouraging competition and the introduction of new services. The Kingdom is already a lucrative market with swift digital transformation initiatives, in part

<p><span>The Securities Clearing Center Company (Muqassa) launches Repurchase Agreement Clearing (REPO) Service today 24/04/2022. </span></p>

Since the industrial age, government and private sector partnerships have been instrumental in driving innovation, introducing vital services and finding answers to some of humanity’s most pressing problems. More recently, the public-private partnership model has been used for major commercial projects since the 1970s and has boosted the region’s economic development. Saudi

The Saudi British Bank recently organized the “Enterprise Risk Leadership Program” in Riyadh, in cooperation with HSBC Group and Cambridge University, for the first time outside of London and Hong Kong, to promote a culture of risk management and benefit from the best global experience and expertise in this field. The move is in line with SABB’s strategy aimed at qualifying

Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities

Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities

The Saudi British Bank has announced the launch of SABB Digital Academy, which aims to increase human capital entry into the labor market, supply the financial sector specifically with qualified human cadres, and contribute to the Kingdom’s Vision 2030 goal of lowering the unemployment rate. In collaboration with the Financial Academy, an initiative under the Financial Sector