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Send a message of "comfort" to large corporations and international institutions in various fields
The efforts of the custodial government of the two holy mosques to develop the economic sector in general, and the banking sector in particular, have yielded important results, indicating the usefulness of these efforts and the various programs and activities put in place. .
The approval by the Council of Ministers of Standard Chartered Bank's authorization to operate in the Saudi market testified to the strength of the Saudi economy and its ability to attract foreign investment in the banking sector. this is also reflected in other sectors dealing with banks.
The accession of Standard Chartered to the Saudi banking sector and the financial sector development program, one of the executive programs of Saudi Arabia's ambitious vision by 2030, consists of improve banking services and make them accessible to all members of Saudi society in all regions of Saudi Arabia.
Standard Chartered's affiliation to the Saudi banking system is a source of comfort for the world's largest financial, industrial, commercial and agricultural companies. Saudi Arabia is currently experiencing extraordinary growth, prompting them to join them by injecting investment. These institutions have conducted field studies and technical analysis "Standard Chartered", which gives him full confidence in the possibility of entering the Kingdom.
The Vision 2030 has succeeded in creating the infrastructure needed to establish a typical banking sector in all its operations and activities by filling the gaps identified and by adopting new regulations and legislation that strengthen the sector's position and stimulate the economy. expansion of investments.
The strength of the Saudi banking sector is reflected in the number of banks authorized by the Saudi Monetary Agency (SAMA) to conduct banking activities in Saudi Arabia, ie 28 licenses for a local bank, a Gulf bank and a foreign bank.
Vision continues its programs and plans to develop the banking sector as one of the most important sectors of the Kingdom's domestic production. The next phase will be marked by numerous developments and improvements in the banking mechanism, as well as by the expansion of its projects and investments.
"The decision of Standard Chartered to join the Saudi market carries an important message: the Saudi banking sector is a thriving sector in the Gulf region and the Middle East," said Standard Chartered, adding that his officials were convinced that business in the Saudi market would be extremely profitable.
The Saudi banking sector has been constantly evolving over the last few years, giving it a very high position in the international banking sectors: it is the fourth largest in the world for financial strength and financial strength, according to Fitch Ratings.
Standard Chartered Bank is one of the world's leading banks, renowned for its excellence and multiple banking services through its 1,700 branches around the world and its activities. His entry into the Saudi market is a newcomer to the banking sector. The bank is present in more than 170 countries and should encourage other Saudi banks to improve their performance and improve their programs to become a serious competitor, attracting investment and more professional banking.
Standard's work in the Saudi market reinforces visionary vision and improves traditional banking
Hamed Al Ali
previously
2019-02-27
The efforts of the custodial government of the two holy mosques to develop the economic sector in general, and the banking sector in particular, have yielded important results, indicating the usefulness of these efforts and the various programs and activities put in place. .
The approval by the Council of Ministers of Standard Chartered Bank's authorization to operate in the Saudi market testified to the strength of the Saudi economy and its ability to attract foreign investment in the banking sector. this is also reflected in other sectors dealing with banks.
The accession of Standard Chartered to the Saudi banking sector and the financial sector development program, one of the executive programs of Saudi Arabia's ambitious vision by 2030, consists of improve banking services and make them accessible to all members of Saudi society in all regions of Saudi Arabia.
Standard Chartered's affiliation to the Saudi banking system is a source of comfort for the world's largest financial, industrial, commercial and agricultural companies. Saudi Arabia is currently experiencing extraordinary growth, prompting them to join them by injecting investment. These institutions have conducted field studies and technical analysis "Standard Chartered", which gives him full confidence in the possibility of entering the Kingdom.
The Vision 2030 has succeeded in creating the infrastructure needed to establish a typical banking sector in all its operations and activities by filling the gaps identified and by adopting new regulations and legislation that strengthen the sector's position and stimulate the economy. expansion of investments.
The strength of the Saudi banking sector is reflected in the number of banks authorized by the Saudi Monetary Agency (SAMA) to conduct banking activities in Saudi Arabia, ie 28 licenses for a local bank, a Gulf bank and a foreign bank.
Vision continues its programs and plans to develop the banking sector as one of the most important sectors of the Kingdom's domestic production. The next phase will be marked by numerous developments and improvements in the banking mechanism, as well as by the expansion of its projects and investments.
"The decision of Standard Chartered to join the Saudi market carries an important message: the Saudi banking sector is a thriving sector in the Gulf region and the Middle East," said Standard Chartered, adding that his officials were convinced that business in the Saudi market would be extremely profitable.
The Saudi banking sector has been constantly evolving over the last few years, giving it a very high position in the international banking sectors: it is the fourth largest in the world for financial strength and financial strength, according to Fitch Ratings.
Standard Chartered Bank is one of the world's leading banks, renowned for its excellence and multiple banking services through its 1,700 branches around the world and its activities. His entry into the Saudi market is a newcomer to the banking sector. The bank is present in more than 170 countries and should encourage other Saudi banks to improve their performance and improve their programs to become a serious competitor, attracting investment and more professional banking.
February 27, 2019 – 22 Jumada al-Akhirah 1440
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Send a message of "comfort" to large corporations and international institutions in various fields
The efforts of the custodial government of the two holy mosques to develop the economic sector in general, and the banking sector in particular, have yielded important results, indicating the usefulness of these efforts and the various programs and activities put in place. .
The approval by the Council of Ministers of Standard Chartered Bank's authorization to operate in the Saudi market testified to the strength of the Saudi economy and its ability to attract foreign investment in the banking sector. this is also reflected in other sectors dealing with banks.
The accession of Standard Chartered to the Saudi banking sector and the financial sector development program, one of the executive programs of Saudi Arabia's ambitious vision by 2030, consists of improve banking services and make them accessible to all members of Saudi society in all regions of Saudi Arabia.
Standard Chartered's affiliation to the Saudi banking system is a source of comfort for the world's largest financial, industrial, commercial and agricultural companies. Saudi Arabia is currently experiencing extraordinary growth, prompting them to join them by injecting investment. These institutions have conducted field studies and technical analysis "Standard Chartered", which gives him full confidence in the possibility of entering the Kingdom.
The Vision 2030 has succeeded in creating the infrastructure needed to establish a typical banking sector in all its operations and activities by filling the gaps identified and by adopting new regulations and legislation that strengthen the sector's position and stimulate the economy. expansion of investments.
The strength of the Saudi banking sector is reflected in the number of banks authorized by the Saudi Monetary Agency (SAMA) to conduct banking activities in Saudi Arabia, ie 28 licenses for a local bank, a Gulf bank and a foreign bank.
Vision continues its programs and plans to develop the banking sector as one of the most important sectors of the Kingdom's domestic production. The next phase will be marked by numerous developments and improvements in the banking mechanism, as well as by the expansion of its projects and investments.
"The decision of Standard Chartered to join the Saudi market carries an important message: the Saudi banking sector is a thriving sector in the Gulf region and the Middle East," said Standard Chartered, adding that his officials were convinced that business in the Saudi market would be extremely profitable.
The Saudi banking sector has been constantly evolving over the last few years, giving it a very high position in the international banking sectors: it is the fourth largest in the world for financial strength and financial strength, according to Fitch Ratings.
Standard Chartered Bank is one of the world's leading banks, renowned for its excellence and multiple banking services through its 1,700 branches around the world and its activities. His entry into the Saudi market is a newcomer to the banking sector. The bank is present in more than 170 countries and should encourage other Saudi banks to improve their performance and improve their programs to become a serious competitor, attracting investment and more professional banking.
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