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Finance Minister: Q2 Results Surpass Targets
Saudi Finance Minister, Mohammed bin Abdullah Al-Jadaan, announced that the financial sector indicators in the Kingdom during the second quarter of this year exceeded the targets set by the Financial Sector Development Program. He highlighted the strength of the banking sector, as well as the growth of financial market institutions and FinTech companies. He confirmed that Saudi Vision 2030 has entered its third phase, titled "The Impact Maximization Phase," which focuses on the sustainability of economic transformation and directing capital towards new opportunities. He also pointed to the Council of Ministers' decision to empower the regional offices of licensed financial institutions to engage in cross-border activities, aiming to enhance competitiveness and expand Riyadh’s presence as a regional financial hub.
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