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Asharq Al-Awsat

Business

Riyadh - Bandar Al-Mosalam

Saudi Banks Safe from Troubled US Banks

United States SAMA Saudi Arabia Kingdom Faisal alIbrahim Economy Riyadh Conference

The Saudi Minister of Economy and Planning participates at the Financial Sector Conference in Riyadh (Asharq Al-Awsat)

Ayman Al-Sayari, Governor of Saudi Central Bank (SAMA), ruled out any transactions between Saudi banks and troubled US banks, affirming that the Kingdom’s banking sector enjoys capital adequacy and reassuring liquidity.

Al-Sayari spoke with Al-Arabiya TV on the sidelines of the Financial Sector Conference in Riyadh when he added that the Kingdom fully believes in the partnership between SAMA and the Financial Sector Development Program.

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