Page 11 - Financial Sector Development Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The latest tranche demonstrates strong investor confidence in SRC and the Kingdom's economy

RIYADH: Saudi shoppers can soon find more flexible payment options with two more buy now, pay later companies entering the consumer finance market. The Saudi Central Bank, also known as SAMA, has granted permits to Spotii and Madfu to provide consumer finance through the BNPL platform, the Saudi Press Agency reported. This move is projected to attract a new segment of

RIYADH: Saudi Arabia’s digital economy landscape has earned additional recognition as Saudi Payments, also known as Mada, received the Best Payment Experience of 2023 award at the Seamless Middle East, a commercial technology event held in Dubai. Operating under the umbrella of the Saudi Central Bank, Mada was awarded for its public transport payments services in the Kingdom’s

RIYADH: Saudi Arabia has more than 24 initial public offerings lined up for 2023 as it seeks to create boost the economy and create financing channels for emerging sectors. A report issued by the Capital Market Authority on Sunday said the Kingdom intends to boost its market’s appeal to foreign investors and increase their ownership as a percentage of the total market value of

He global Islamic finance industry is worth an estimated $4trn, according to the ICD-Refinitiv Islamic Finance Development Indicator (IFDI) Report 2022. Indeed, according to the report, this figure will rise to $6trn by 2026.It is unsurprising, then, that