SAMA Aims to Boost Saudi Financial Literacy

The Governor of the Saudi Central Bank (SAMA), Ayman Al-Sayari, confirmed that the Kingdom is focused on building individuals' financial capabilities from an early age through practical methods tailored to the different age groups benefiting from modern technologies. These initiatives enhance individuals' ability to make sound financial decisions, recognize increasing methods of fraud, and confront them. The bank has launched a digital initiative that includes educational tools and awareness activities targeting children aged 8 to 12, emphasizing the need to keep awareness efforts aligned with evolving fraud techniques and to coordinate with relevant entities to monitor and combat fraud. This contributes to protecting the financial sector from fraudulent activities, including money laundering and terrorism financing.

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