Banking sector boasts strong solvency, asset quality: SAMA

01:08 PM (Mecca time) Argaam
Ayman Alsayari,Saudi Central Bank (SAMA) Governor

 Ayman Alsayari, Saudi Central Bank (SAMA) Governor

Saudi Arabia’s monetary conditions remain stable, supported by the central bank’s prudent policies, the governor of the Saudi Central Bank (SAMA), Ayman Alsayari, said.
 
He noted that the banking sector maintains strong solvency and asset quality.
In a press release received by Argaam marking the budget announcement, Alsayari said SAMA continues to pursue its objectives of maintaining monetary stability and strengthening financial stability, two key pillars underpinning the achievement of Saudi Vision 2030 targets and ensuring the financial sector continues to drive development.
According to Argaam data, the 2026 state budget was announced on Dec. 2, with total expenditures approved at SAR 1.31 trillion and total revenues estimated at SAR 1.14 trillion, resulting in a projected deficit of SAR 165.4 billion.

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