Investment Ministry inks 3 MoUs with SNB, SAB, Riyad Bank to boost digital banking sector

18/06/2023 Argaam

Investment Ministry inks 3 MoUs with SNB, SAB, Riyad Bank to boost digital banking sector

Signing ceremony

Saudi Arabia’s Ministry of Investment signed three memorandums of understanding (MoUs) with the Saudi National Bank (SNB), Riyad Bank and Saudi Awwal Bank (SAB).

 

In a tweet, the ministry said the signing is aimed at strengthening the local digital banking sector to cater to potential investors. It is also set to help provide top-notch industry-related services and facilities to interested companies, in accordance with the best international practices.

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