SAMA
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Banking
Saudi Arabia’s Central Bank Halts Opening of New Bank Accounts Online
Updated on 13 April 2022: Saudi Central Bank (SAMA) lifts temporary precautionary measures to protect bank clients from fraud SAMA…
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Saudi Arabia
Saudi Central Bank Issues 200 Riyal Banknote on the Occasion of 5th Anniversary of the Launch of “Vision 2030”
The Saudi Central Bank has announced the issue of Two Hundred Saudi Riyal Banknote on the occasion of the fifth…
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Saudi Arabia
Saudi Central Bank Launches Instant Payment System “SARIE”
The Saudi Central Bank (SAMA) on Saturday launched the instant payment system “SARIE.” “SARIE” allows banking clients to send and…
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Saudi Arabia
King Salman approves renaming Saudi Arabian Monetary Authority to Saudi Central Bank
The Saudi Arabian Monetary Authority will be renamed the Saudi Central Bank under a new law approved by King Salman…
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Economy
Expat remittances rise 29% in September to SR 13.2 bln
Expat remittances from Saudi Arabia increased by 29 percent to SR 13.21 billion in September 2020, compared to the same…
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Banking
SAMA suspends freezing bank accounts on Iqama expiry for 30 days
The Saudi Arabian Monetary Authority (SAMA) announced a decision to suspend the freezing of customers’ bank accounts for a period…
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Economy
Expat Remittances Fell 8 Percent in 2019
Expat remittance outflows in Saudi Arabia dropped, for the 4th year in a row, by 8 percent year-on-year (YoY) to…
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Banking
SAMA Directs Banks to Monitor Transactions
The Saudi Arabian Monetary Authority (SAMA) has issued a directive to all banks in the Kingdom to report any account…
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