Banking & Finance
Fund inked 4 agreements with local entities to develop the private sector
Agreements aim to support small and medium enterprises
He formerly governed SAMA from 2011 to 2016
Funding will be used to fuel international expansion
"The previous five years saw major structural reforms"
The bank has not yet received a formal proposal from any Saudi entity
By raising capital and purchasing shares from main owners
6.7 billion riyals of the company's profits in 9 months
Al-Suhaimi held for 20 years senior leadership financial positions in Saudi
"We are committed to carry out vision programs, broaden economic base"
On interest income growth
Saudi is one of Pakistan's largest donors
Profits slightly increased by 3.6% in Q2 2022
Funding will be used to support innovation in payment and shopping
Supported by strong product demand
Focusing on investing in several key sectors
Driven by an increase in total operating income
It increased by 3% to 1.683 trillion riyals
