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May 19, 2016
Fitch Ratings recently pronounced Saudi Arabia’s banks relatively safe from harm while the kingdom’s Draft Law on the Resolution of Financial Institutions undergoes a standard review. “The Saudi Arabian Monetary Agency, which supervises the banks, has a strong tradition of supporting the banking sector and, to date, no depositors or creditors of banks have lost money,” Fitch said.
Read more →July 16, 2015
Using software from Vizor Ltd., the central bank is using a new Returns Management System that automates the complete regulatory return lifecycle. All insurance companies are now required to file their regulatory returns through the new online system.
Read more →May 5, 2015
Saudi Arabian Monetary Agency (SAMA) Gov. Fahd Al-Mubarak recently announced an additional six banks and companies have received licenses for one or more financial activities.
Read more →
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