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Saudi Arabia

Saudi Arabia to allow more digital banks, central bank governor says

cde.news desk · 1 min read
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An aerial view shows the skyline of Riyadh, Saudi Arabia. EPA-EFE/ANDRE PAIN

DUBAI, Nov 25 (Reuters) – Saudi Arabia will give operating licences to more digital banks, Central Bank Governor Fahad al-Mubarak said on Thursday at a financial forum in Riyadh.

The kingdom this year issued licences for its first digital banks, STC Bank and Saudi Digital Bank.

Photo – An aerial view shows the skyline of Riyadh, Saudi Arabia. EPA-EFE/ANDRE PAIN

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