SAMA and CMA to launch the FinTech Saudi Center

The Saudi Arabian Monetary Authority (SAMA) and the Capital Market Authority (CMA) have signed an agreement to establish the FinTech Saudi Center.

This initiative is part of the kingdom's Financial Sector Development Program (FSDP), itself under the KSA Vision 2030.

Located in King Abdullah Financial District in Riyadh, the project aims at boosting the financial technologies. Its main goal is to attract at least 30 regional and international companies specialized in the field of FinTech within the first three years.

Read also | Share capital increase for the Saudi insurance companies