The Instant Payment System, “Sarie,” is a round-the-clock payment system that accelerates ‎and facilitates money transfers among local banks in the Kingdom of Saudi Arabia. It is a service initiated on February 20, 2021, by the Saudi Central Bank to optimize the national ‎payments system and the entire financial sector. Services of the Instant Payment System “Sarie”‎ Customers of local banks can transfer money through the instant payment system by using their mobile phone ‎numbe...

Al-Rajhi Bank is a Saudi bank established on January 23, 1978. It practices banking and investment business following the provisions of the Islamic Sharia for its account or the account of others, for individuals and companies, inside and outside the Kingdom of Saudi Arabia, and its main headquarters is located in the capital, Riyadh . The bank was listed on the ' Saudi Tadawul ' on December 1, 1988, and its shares are traded on the main Saudi market 'Saudi Tadawul' within t...