Saudi Central Bank – SAMA

Overview

The Saudi Central Bank (SAMA) is the central bank of the Kingdom of Saudi Arabia, established on April 19, 1952. Originally named the Saudi Arabian Monetary Authority, it was renamed in November 2020. SAMA is the second-oldest central bank in the Arab world and plays a vital role in stabilizing the Saudi currency and regulating monetary policy.

SAMA is responsible for issuing the national currency, the Saudi Riyal, which is fully backed by gold deposits. The bank supervises and regulates commercial banks and financial institutions, manages the Kingdom’s foreign reserves, and implements monetary policy to maintain currency stability. It also develops financial infrastructure and payment systems while providing advisory services to the government on economic and financial matters. By ensuring monetary stability and a secure banking environment, SAMA indirectly supports the Saudi public and businesses, contributing to the Kingdom’s economic development.

Basic Information

Contact Details

• Phone: +966 11 463 3000
• Website: sama.gov.sa
• LinkedIn: linkedin.com/company/saudi-central-bank-sama

Key Focus Areas & Initiatives

• issues national currency
• the saudi riyal
• acts as a banker to the government
• supervises commercial banks
• conducts monetary policy for promoting price & exchange rate stability
• currency issuance
• responsive design
• financial infrastructure
• regulatory compliance
• banking supervision
• central bank
• fintech platforms
• financial services modernization
• economic development
• banking
• financial stability measures
• financial services
• financial assets management
• consumer protection
• payment system development
• financial stability
• monetary authority
• central banking
• money laundering prevention
• financial stability policies
• international financial cooperation
• monetary policy
• risk management
• fintech platform
• digital payments
• currency management
• banking regulation laws
• bank supervision
• financial sector oversight
• government
• regulatory infrastructure
• conversion optimization
• financial oversight
• financial regulation
• b2b
• cybersecurity
• financial sector development
• digital marketing
• banking regulation
• user experience
• financial sector stability
• consumer protection measures
• payment systems
• financial technology
• fintech development
• financial market oversight
• banking system regulation
• regulatory infrastructure development
• financial asset management
• financial system oversight tools
• financial innovation
• financial asset transfer
• cloud services
• financial assets
• services
• monetary authorities-central bank
• bank governance
• fintech
• payment systems innovation
• financial system oversight
• financial sector regulation
• digital banking

Technologies Used

• AI
• Adobe Media Optimizer
• Bootstrap Framework
• Cedexis Radar
• Cloudflare DNS
• Google Analytics
• Google Font API
• Google Tag Manager
• Microsoft Office 365
• Microsoft Sharepoint
• Mobile Friendly
• Remote
• Vimeo
• VueJS