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Central Bank Chief on Saudi Economic Challenges
The Governor of the Saudi Central Bank (SAMA), Ayman bin Muhammad Al-Sayari, affirmed that the Saudi economy continues to demonstrate high resilience in the face of regional challenges, supported by strong financial reserves, the robustness of the banking sector, and elevated levels of capital and liquidity. He pointed out that Saudi Vision 2030 has contributed to expanding the non-oil economy base and enhancing private sector participation, with ongoing reforms aimed at increasing productivity and financial sustainability. Al-Sayari also emphasized the importance of international cooperation and reforming the governance of the International Monetary Fund to support global economic stability, especially considering the impacts of the Middle East conflict on oil markets, trade, and global finance.
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