Saudi Central Bank (SAMA) regulates all financial institutions, sets monetary policy, and protects consumer rights. Contact SAMA for banking complaints or disputes.

How many banks are in Saudi Arabia?

Saudi Arabia has 13 commercial banks (like Al Rajhi, Riyad Bank, SABB) plus numerous foreign banks. All must follow SAMA regulations and offer similar protections.

Are my bank deposits protected?

Yes, SAMA provides deposit insurance. Your deposits are protected up to SAR 500,000 per depositor per bank. Larger amounts should be spread across banks.

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Saudi Financial System

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Saudi Financial System

Saudi Arabia's financial system combines modern banking with Islamic finance principles. Understanding how the system works helps you make smarter financial decisions.

Learn about SAMA, banks, regulations, and how money works in the Kingdom.

Saudi Financial System

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