Raya Financing accelerates growth in Saudi Arabia
Net profit after Zakat increased by 73% to SAR 40.3 million, while operating profit before Zakat and expected credit losses reached SAR 99.3 million...
Tag : Saudi Central Bank
Saudi banks hold assets worth USD 1.33 trillion
Saudi Arabia's total bank credit jumped to SR3.30 trillion by 2025-end, fuelled by strong demand for corporate financing tied to infrastructure and development projects...
Nayla Finance breaks barriers for Saudi micro-businesses
With Nayla Finance's digital-first, low-ticket, high-frequency model and alignment with Saudi economic policy, it is well-positioned to disrupt the traditional micro-lending market...
MEDGULF sets new standards in Saudi insurance sector
With a relentless focus on customer satisfaction and sustainable growth, MEDGULF is committed to investing in enhanced services and expanding partnerships...
Saudi Arabia to launch new electronic instant payments system
The new payment system is designed to reduce the dependency on cash in the Kingdom...
Coronavirus: Saudi Arabia plans $13.3 bn stimulus for private sector
UAE announces its own $27.2 bn stimulus and Egypt allocates $6.4 bn...
Saudi Central Bank and Ripple to carry pilot test for cross-border transactions
The pilot project using blockchain could save banks up to US$400mn...