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Saudi EXIM Bank is a Saudi bank specialized in financing and promoting Saudi exports with the aim of raising the level of competitiveness across global markets in all sectors. The bank was established in 2020, and has financial and administrative independence. Its headquarters is located in the city of Riyadh . Saudi EXIM Bank goals The Saudi EXIM Bank provides credit facilities for imports and promotes the development of Saudi exports . It offers services in export financing, as well as guaran...

The Saudi Digital Bank (SDB) is one of the local digital banks in the Kingdom of Saudi Arabia, dedicated to conducting all banking activities through digital technology. The bank was licensed by a resolution of the Council of Ministers on June 23, 2021. Founded by a consortium of partners and investors, it is led by Abdulrahman Bin Saad al-Rashid and Sons Company. The project’s capital is estimated at approximately SAR1.5 billion. Saudi digital banks’ services Digital banks provide financia...

Banks in the Kingdom of Saudi Arabia are financial institutions specialized in providing exchange, finance, and investment services to individuals and companies in the Kingdom. The Saudi banking sector is about seventy years old, and the Saudi Central Bank specializes in supervising banks and monitoring their transactions, represented by the General Department of Banking Control. How banks began their operations in the Kingdom Since 1926, the Netherlands Trading Society has been the first forei...

The Monetary Policy in the Kingdom of Saudi Arabia is one of the economic policies adopted by the Saudi Central Bank , aiming to achieve and consolidate financial stability and raise the level of economic growth by controlling the money supply through specific monetary tools. Establishment of the first monetary law in the Kingdom The Kingdom knew its first monetary law with the approval of the Founding King Abdulaziz Bin Abdulrahman Al Saud on the Hejazi-Najdi Monetary Law issued in January 192...

The Saudi Currency is the official currency adopted in the Kingdom of Saudi Arabia, abbreviated as the 'Saudi Riyal' to distinguish it from the currencies of other countries. Foreign exchange traders and central banks worldwide denote it as 'SAR'. The Kingdom coined its first currency issue in 1925, and the first currency denominations were quarter and half Qirsh. In 1935, the first currency bearing the name 'Kingdom of Saudi Arabia' was issued. During the reign of...