Page 33 - Financial Sector Development Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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.&nbsp;</span></p>