H.E. Ayman Al-Sayari, Governor of the Saudi Central Bank (SAMA), extended heartfelt congratulations to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and HRH Crown Prince and Prime Minister, Prince Mohammed bin Salman on the announcement of the state's general budget for the fiscal year 2024, which was strategically aligned to bolster the Kingdom's economic growth. SAMA regulations for finance companies in Saudi Arabia Saudi Arabian Monetary Agency (SAMA) has established a Cyber Security Framework (CSF) to help control the cybersecurity activities of SAMA's financial institutions and prevent cyber threats. The KSA NSFR regulation is applicable to all 12 locally incorporated banks on a consolidated basis. Overall, as of 30 June 2018, the NSFR regulation in the KSA is assessed as compliant with the Basel NSFR standard. This is the highest possible grade. Each component is also assessed as compliant. Riyadh, July 6, 2023, SPA -- The Saudi Central Bank (SAMA) announced the issuance of the Implementing Regulations for the Law of Payments and Payment Services to support the objective of enhancing the soundness and efficiency of the payment systems infrastructure in Saudi Arabia. The Saudi Arabian Monetary Authority (SAMA) is the central bank of Saudi Arabia. SAMA introduced its Cyber Security Framework in 2017 in order to guide regional organizations on how to effectively maintain the protection of information assets and online services. RIYADH: Saudi Arabia's Tadawul All Share Index rose on Wednesday, gaining 6.47 points, or 0.06 percent, to close at 11,401.47. The total trading turnover of the benchmark index was SR5.23 It is likely that Implementing Regulations may be published to set out further rules and regulations to achieve the objectives of the Banking Law. Key changes SAMA's power to determine "banking business" and licensing requirements mE6p.

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