Page 10 - Financial Sector Development Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Saudi Cabinet, chaired by Crown Prince Mohammed bin Salman, approved on Tuesday the establishment of the Insurance Authority. This move aims to foster robust and competitive insurance entities within the Kingdom. Finance Minister Mohammed Al-Jadaan characterized this measure as pivotal within the developmental blueprint of the financial sector, a component of the Vision 2030 program designed to elevate the role of the insurance sector. This initiative seeks to amplify its contribution to the economy, enhance job creation, and stimulate investment.

Saudi Arabia-based fintech Wadaie has secured a pre-Seed funding round led by RZM Investments, along with Bunat Ventures and other Saudi...

How open banking can give regional banks in MENA the opportunity to expand their ecosystems, reach and balance sheets.

RIYADH: Saudi Arabia is fostering personalized financial products and services tailored to customer needs with the Kingdom’s monetary authority, granting open banking certifications to two fintech companies. The Saudi Central Bank, or SAMA, has permitted Umg Alholol Trading Co. and Drahim App to test their open banking solutions in its regulatory sandbox, reported the Saudi

This is the sixth tranche under the SAR20bn sukuk programme handled by SRC