Non-JavaScript Table of Contents


Financial System
HOME | Events | Saudi Arabia ISP | About Saudi Arabia | About us | Contact us | Traveling to Saudi Arabia | Free Email  | Privacy Policy

 Search This Site:

This Site The Web




Quick Links
  Arabic Newspapers
  Arabic Radio and TV
  Arabic Chat
Arabic Cuisine
  Arabic Music
  Business News
  Business Opportunities
Business & Money tools
  Companies Directory
  Currency Exchange
  Corporate Websites
  Communities login
Entertainment News 
Health Search 
Style and Fashion 
  Hobbies and Games
Science and   Technology 
  Send us feedback
Shopping New

Coming Soon
    Shop in Riyadh
    Shop in Jeddah
    Shop in Dahran
    Shop in Al Jubail
    Shop in Dammam
    Shop in Al Khubar

Browse Community Now!
    New users Signup!


Email login:





Information on these
pages are collected by
Saudia-Online staff.


Saudi Arabia Flag

Saudi Arabia

Financial System 



A sound, efficient and liberal financial system is essential for the Kingdom's economic development process and the attraction of foreign investment into the country. Therefore, the Saudi government has created a well-structured financial system made of the following:

(1) Saudi Arabian Monetary Agency (SAMA):

Saudi Arabian Monetary Agency is the Central Bank of the Kingdom. SAMA monitors the operations of commercial banks and the Saudi stock market, issues the currency, determines the money supply, and manages the country's financial reserves. (See Address )

(2) Commercial Banks:

Commercial banks in Saudi Arabia evolved through branches of foreign banks. The National Commercial Bank is the first Saudi bank in the Kingdom, It was established in 1953 followed by the opening of Riyadh Bank in 1957 Saudization of the banking system began in the mid 1970's and was accomplished in the early 1980s. There are twelve commercial banks now operating in the Kingdom. Some of these banks are totally owned by Saudis and some are joint ventures with foreign banks with hundreds of branches in major cities of the Kingdom. 

(3) Government Specialized Investment Funds:

These funds, mentioned above, were established by the government and are financed through budgetary appropriations. Their main function is to provide medium and long-term loans to private and public projects. ( See Address )

(4) The Non-Bank Financial Institutions:

These financial institutions function mainly in investment, insurance, and money exchange. Listings of these institutions can be obtained from the Saudi Chambers of Commerce and Industry.

Regulations affecting foreign investment in Saudi Arabia are provided in the next chapter.


|Forward to Foreign Investment | Back to Country Brief |Back to Business|

Sources: saudi commercial office, Saudi Embassy


1999-2000 by Saudia-Online, All rights reserved. Saudia-Online, Malls2Save, JeddahMalls, RiyadhMalls, RiyadhShops, Malls2Save and HDC are  trademarks of - Horizon for Commercial Development Co. Ltd. P.O. Box 14657, Jeddah 21434, Saudi Arabia, Telephone 00966-2-6693585, Fax 00966-2-6693472                     email 

 Updated on:07 Apr 2000

Member of the Universal HyperBanner