The Saudi Central Bank (SAMA) has announced the launch of mobile payment service Samsung Pay in Saudi Arabia, to be carried out through the national payment system, Mada. In a statement picked up Argaam, SAMA noted that this move aligns with Saudi Vision 2030. It is also part of its ...
SAMA Data Wiping & Encryption Compliance under the Saudi Arabian Monetary Authority (SAMA) Standards Request Free Consultation Strengthening Saudi Arabia Cybersecurity with Wiping & Encryption for SAMA Compliance The Saudi Arabian Monetary Authority (SAMA) is the central bank of Saudi Arabia. SAMA ...
Figures from the Saudi Central Bank, also known as SAMA, representing pre-zakat and pre-tax earnings, highlight the sector’s resilience and growing profitability. The surge comes as total bank loans in Saudi Arabia exceeded SR3 trillion for the first time, marking a 14.66 percent annual incr...
Expatriate remittances from Saudi Arabia rose to SR12.03 billion ($3.21 billion) in November, marking an 18.73 percent increase compared to the same month of 2023, new data showed. Figures from the Kingdom’s central bank, also known as SAMA, indicated that remittances sent abroad by Saudi na...
The Saudi Arabian Monetary Authority (SAMA), in collaboration with Deloitte Middle East, has announced its plans to develop a Financial Technology (FinTech) ecosystem. Sama and Deloitte to Develop FinTech Ecosystem in Line With Saudi Arabia Vision 2030 The Saudi Arabian Monetary Authority (Sama),...
The article discusses the efforts of the Saudi Arabian Monetary Authority (SAMA) to counter inflation and volatility of the stock market. The negative performance of the domestic stock market and higher growth rates during the third and fourth quarters of 2006 have prompted SAMA to increase the ...
SAMA is a set of regulations designed to help financial institutions in Saudi Arabia to identify and manage cybersecurity risks. It ensures the protection of critical digital assets & services through robust compliance practices.Establishes measures to protect sensitive information and online services.Enab...
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RIYADH, Saudi Arabia, April 4, 2024 /PRNewswire/ -- Today stc pay was given formal approval from the Saudi Central Bank (SAMA) to move to the next phase of its transformation journey into STC Bank. This beta launch is limited to preselected customers and is a preparation for a full ...
(SAMA) has established a Counter-Fraud Framework to enable financial organizations to effectively identify and address fraud risks, assess maturity levels, and evaluate the effectiveness of counter-fraud controls. This initiative is essential for safeguarding the integrity of Saudi Arabia’s financial ...