Saudi banking sector enjoys solid financial solvency, liquidity: SAMA Governor

Saudi Central Bank’s (SAMA) Governor Ayman Alsayari said that the monetary conditions in the Kingdom are reassuring, thanks to the prudent monetary policy followed by the Central Bank, adding that the banking sector enjoys solid financial solvency, operational efficiency, liquidity, and has the ability to overcome challenges.

In statements on the occasion of approving the state's general budget for 2025, which aims to enhance sustainable development and the path of economic growth in the Kingdom, and empower the private sector, that the Saudi economy has proven highly resilient in face of the challenges witnessed by the global economy.

Alsayari also confirmed SAMA's continued strategic role in maintaining monetary and financial stability, and supporting the achievement of Saudi Vision 2030, by seeking to achieve its goals so that the financial sector continues to contribute to the development process.