Al-Sayari: Saudi banking sector steady amid tensions

The Governor of the Saudi Central Bank "SAMA," Ayman bin Mohammed Al-Sayeri, confirmed that the banking sector in Saudi Arabia is strong and stable, despite regional geopolitical tensions. He added that banks enjoy high levels of liquidity and capital, which support their ability to face challenges and continue financing economic activities. He also pointed out that the Saudi economy has demonstrated resilience in the face of shocks resulting from regional conflicts and energy fluctuations, thanks to reserves and long-term investments. Al-Sayeri mentioned that the Central Bank has begun utilizing artificial intelligence technologies and digital currencies, emphasizing the importance of having clear regulatory frameworks to support innovation and financial stability.

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