Saudi Arabia Approves Licensing of New Digital Bank
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
Source: aawsat.com
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Finance minister, SAMA governor thank leadership for approval to license third digital bank
The digital bank will be established with a capital of SR1.65 billion through a consortium of individual and corporate investors, with the Public Investment Fund as one of the key investors and will be led by Derayah Financial Company.
Source: saudigazette.com.sa
Saudi Cabinet approves license for PIF-backed $440m local digital bank
RIYADH: The Saudi Cabinet has approved a license for a local digital bank to be established with a capital of SR1.65 billion ($440 million), the Kingdom's Central Bank has confirmed. The D360 Bank will be established through a consortium of individual and corporate investors, led by Derayah Financial Company, with the Public Investment Fund being one of the main investors.
Source: arabnews.com
Finance minister, SAMA governor welcome Cabinet OK for third digital bank
The digital bank will be established with a capital of SR1.65 billion through a consortium of individual and corporate investors, with the Public Investment Fund as one of the key investors and will be led by Derayah Financial Company.
Source: saudigazette.com.sa
Cultural Development Fund signs MoU with Tadawul to promote local content
The MoU was co-signed by the Cultural Development Fund CEO Mohammed Bin Dayel and the Saudi Exchange CEO Mohammad Al Rumaih.
Source: saudigazette.com.sa