FSDP aims for ongoing reforms, regulatory enhancements

Logo of Saudi Arabia’s Financial Sector Development Program (FSDP)

Saudi Arabia’s Financial Sector Development Program (FSDP) delineated its 2025 roadmap in its annual report, focusing on advancing the financial sector to global standards through regulatory updates that improve efficiency and effectiveness.

The program aims to maintain reform momentum and deliver value to financial institutions and participants, supporting Saudi Vision 2030 objectives for a globally competitive financial ecosystem.

SAMA’s aspirations for 2025:

The Saudi Central Bank (SAMA) plans to adopt global best practices and uphold international standards in 2025 to boost the financial sector’s stability, as well as enhance the Kingdom’s position.

It will continue updating laws and regulations to strengthen oversight and align with market developments, while promoting innovative financial solutions that drive sector evolution.

CMA’s goals for market advancement in 2025:

The Capital Market Authority (CMA) aims to strengthen the market’s financing role by enabling various entities to offer their shares through initial public offerings (IPOs), supporting emerging sectors, and offering new funding channels to increase their impact on the national economy.

It will also work to improve the asset management industry by expanding investment products, improving the investment environment, and adopting global financial practices.

CMA will keep developing the legislative and regulatory environment to enhance the sukuk and debt instrument market, recognizing its critical role in funding public and private sector projects and supporting broader economic growth.

To attract more international investors, CMA will address regulatory challenges, improve investment access, and support Saudi Arabia’s inclusion in global indices, positioning the market as a leading regional and global hub.