Al-Jaddan: Q2 results surpass targets

The Saudi Minister of Finance, Mohammed bin Abdullah Al-Jadaan, affirmed that the indicators of Saudi Arabia's financial sector during the second quarter of the year exceeded the targets set in the Financial Sector Development Program. The sector experienced strong growth across banking, financial market institutions, insurance, and financial technology, with a reassurance that the strength of the sector is measured not only by its size but also by its ability to adapt and sustain growth amid geopolitical and economic shifts. He announced that Saudi Arabia's Vision 2030 has reached the "Maximum Impact" phase, focusing on the sustainability of economic transformation and mobilizing capital towards new opportunities. Additionally, efforts are underway to empower the regional headquarters of financial institutions to conduct cross-border activities, thereby enhancing Saudi Arabia’s international competitiveness as a regional financial hub. He emphasized the importance of human expertise in leading sustainable financial growth and risk management.

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