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Sama Governor: Saudi Economy Strongest Regionally
The Governor of the Saudi Central Bank "SAMA," Ayman Al-Sayari, affirmed that the Saudi economy remains strong and resilient despite regional tensions and uncertainty in the Middle East, benefiting from substantial financial reserves, prudent policies, and high institutional capabilities. He pointed out that the Kingdom's banking system is among the most secure in the region, thanks to strong capital and liquidity levels, with the capacity to withstand shocks according to stress tests. This is supported by Saudi Vision 2030, which aims to strengthen the non-oil economy and expand private sector participation. Al-Sayari also emphasized the importance of enhancing international cooperation and reforming the International Monetary Fund, with a focus on addressing challenges related to regional conflicts that impact energy markets and trade. This requires boosting technical capabilities and improving readiness against cyber risks to ensure the stability of the global financial system.
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