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The Saudi Ministry of Finance and the National Debt Management Center (NDMC) unveiled plans to launch the first savings product intended for individuals and supported by the government. Abdulaziz Al-Furaih, chairman of the Steering Committee at the Ministry of Finance, explained that the launch of the product comes within the initiatives of the Financial Sector Development Program - one of the Kingdom’s Vision 2030 programs - aimed at raising savings rates among individuals, by motivating them to save part of their income periodically.

Saudi arabiaHani al madiniAbdulaziz al furaihSakookun hukoomiyaAl rajhi capital companySteering committeeAl ahli financial companyNational debt management centerFinancial sector development programSaudi ministryIslamic shariaAljazira capitalAlinma investmentAl awwal capitalAl rajhi capital