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Saudi Arabia’s Finance Ministry and the National Debt Management Center have welcomed the decision by FTSE Russell, the global provider of indices, to include Saudi riyal-dominated sukuk in the FTSE Emerging Market Government Bond Index from April 2022. In its announcement, FTSE Russell predicted that the accession would include 42 Saudi government instruments at a value of

SAMA clarified the Kingdom’s successful adoption of contactless payments is part of the Saudi Central Bank’s strategy, which builds on the goals of the Financial Sector Development Program (FSDP) of the Kingdom’s Vision 2030 that aims to reduce cash transactions while raising electronic payments to 70% of all transactions by 2025.

SAMA clarified the Kingdom’s successful adoption of contactless payments is part of the Saudi Central Bank’s strategy, which builds on the goals of the Financial Sector Development Program (FSDP) of the Kingdom’s Vision 2030 that aims to reduce cash transactions while raising electronic payments to 70% of all transactions by 2025.

Saudi Stock Exchange joins widely followed FTSE bond index