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Al-Jad'an: Q2 indicators surpass targets
Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan confirmed that the financial sector indicators in the Kingdom during the second quarter of the year exceeded the targets of the Financial Sector Development Program. This achievement reflects the strength of the banking sector, the growth of financial market institutions, the insurance sector, and financial technology. He pointed out that the inclusion of Saudi government sukuk (Islamic bonds) in the emerging markets debt tools indices demonstrates the progress of local markets and the expansion of the global investor base. He also announced that Saudi Vision 2030 has entered its third phase, focusing on sustaining economic transformation, enhancing the competitiveness of the financial environment, and expanding Riyadh’s role as a regional hub for international financial institutions. Emphasizing the importance of human expertise to ensure sustainable growth.
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