SAMA Governor: The banking sector enjoys financial solvency, good liquidity and the ability to face challenges

Ayman bin Mohammed Al-Sayyari, Governor of the Saudi Central Bank, said that the banking sector enjoys financial solvency, operational efficiency, good liquidity and the ability to face challenges, adding that the monetary conditions in the Kingdom are reassuring; as a result of the prudent monetary policy followed by the Central Bank.

Al-Sayari stressed that the Saudi economy has demonstrated a high ability to face the challenges witnessed by the global economy.

Al-Sayari confirmed the Central Bank’s continued performance of its strategic role in maintaining monetary and financial stability, and supporting the achievement of Saudi Vision 2030, by striving to achieve its goals; so that the financial sector remains able to contribute to the development process led by the Custodian of the Two Holy Mosques and the Crown Prince.

Al-Sayari congratulated the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister, may God protect them; on the occasion of the approval of the state’s general budget for the fiscal year 2025 AD, which aims to enhance sustainable development and the path of economic growth in the Kingdom, and empower the private sector.