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Top News In Arbah Capital Today - Breaking & Trending Today

Saudi Individual E-Payments Capture 70% of Transactions

Saudi Arabia has seen a big rise in e-payments by individuals, making up 70% of total individual transactions in 2023, up from 62% in 2022 a 13% increase. According to the Saudi Central Bank, also known as SAMA, almost all transactions, 96%, were made using Near Field Communication (NFC) technology. The government, through its Financial Sector Development Program, part of Saudi Arabia’s Vision 2030, is focused on building a strong economy by empowering institutions, advancing the financial market, and backing fintech startups. ....

Saudi Arabia , Asharq Al Awsat , Mohammed Al Faraj , Salem Bajajah , King Abdulaziz University , Ministry Of Commerce , Saudi Central Bank , Financial Sector Development Program , Near Field Communication , Arbah Capital ,

Saudi Bank to Increase their Capital Following Record Profits

Many Saudi banks have recently increased their capital, and five others on the financial market: al-Inma, al-Jazira, al-Bilad, Arab National, and Saudi Investment Bank announced their plans to increase capital, which will contribute to a total increase of $4.5 billion, according to analysts. What prompts banks to increase their capital? The head of asset management at Arbah Capital, Mohamed al-Farraj, indicated that this measure aims to adhere to Basel standards, seeking to enhance the banking sector by ensuring capital adequacy to cover credit and operational risks. ....

Saudi Arabia General , Saudi Arabia , Asharq Al Awsat , Mohamed Al Farraj , Saudi Economic Association Saad Al Thagfan , Jadwa Investment Company , Arab National , Central Bank , Saudi Investment Bank , Basel Committee On Banking Supervision , Many Saudi , Arbah Capital , Basel Committee , Banking Supervision , Saudi Economic Association Saad ,

Saudi Banks to Increase their Capital Following Record Profits

Many Saudi banks have recently increased their capital, and five others on the financial market: al-Inma, al-Jazira, al-Bilad, Arab National, and Saudi Investment Bank announced their plans to increase capital, which will contribute to a total increase of $4.5 billion, according to analysts. What prompts banks to increase their capital? The head of asset management at Arbah Capital, Mohamed al-Farraj, indicated that this measure aims to adhere to Basel standards, seeking to enhance the banking sector by ensuring capital adequacy to cover credit and operational risks. ....

Saudi Arabia , Saudi Arabia General , Asharq Al Awsat , Mohamed Al Farraj , Saudi Investment Bank , Saudi Economic Association Saad Al Thagfan , Arab National , Central Bank , Basel Committee On Banking Supervision , Jadwa Investment Company , Many Saudi , Arbah Capital , Basel Committee , Banking Supervision , Saudi Economic Association Saad ,

Who's Who: Medhat Alzayer, regional head at Arbah Capital in Dammam

Who's Who: Medhat Alzayer, regional head at Arbah Capital in Dammam
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acnnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from acnnewswire.com Daily Mail and Mail on Sunday newspapers.

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