Financial Services in the Kingdom of Saudi Arabia refer to the activities related to liquidity management and movements through banks, financing companies, investment and financial brokerage companies, and insurance companies in Saudi Arabia. Development of financial services in Saudi Arabia Technical advancements introduced to financial transactions contributed to facilitating the operations of the financial services sector. These developments were initiated in 1990 when the Saudi Payments Net...

The Law of Payments and Payment Services in the Kingdom of Saudi Arabia is a set of rules, tools, and procedures that regulate the operations of the payment sector and its services in the Kingdom. It aims to protect the rights of the parties interacting with the law and to stimulate innovation and competition in the payment sector and its services. The history of the Law of Payments and Payment Services in Saudi Arabia The Law of Payments and Payment Services was issued in 2021 during the reign...