Saudi Central Bank consults on draft banking law

Exterior of the Saudi Arabian Monetary Authority
Saudi Central Bank
Image: Light Touch Studio

The Saudi Central Bank (Sama) opened a public consultation today (January 26) for a draft banking law aimed at modernising the country’s financial sector.

Sama said in a statement that the law was an effort to “keep abreast of the latest developments in the banking sector”. Mohammed bin Salman, Saudi Arabia’s ruler, has pursued a series of economic reforms, together with repression of domestic and foreign opponents.

The central bank said it had drafted the law using “ongoing internal

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account