Saudi central bank announces change in name

The new SAMA logo.
Updated 04 December 2016

Saudi central bank announces change in name

JEDDAH: The Saudi Arabian Monetary Agency announced on Sunday that its name has been changed to Saudi Arabian Monetary Authority.
SAMA, the bank's acronym, remains unchanged.
"All existing agreements, obligations and contracts under the previous name of SAMA will continue to remain in force," the bank said in a statement.
It said the change takes effect "from the date of this announcement."
Established in 1952, SAMA is currently headed by Dr. Ahmed Abdulkarim Alkholifey, who assumed office as governor on May 8, 2016.


Arab coalition intercepts Houthi drone targeting Saudi Arabia

Updated 26 October 2020

Arab coalition intercepts Houthi drone targeting Saudi Arabia

  • Three of the drones were destroyed early on Saturday and a fourth on Sunday

DUBAI: The Arab coalition intercepted and destroyed a Houthi drone targeting Saudi Arabia’s southern region on Monday, state news agency SPA reported.

Earlier, the Houthi militia and their Iranian backers were condemned after the Saudi-led coalition intercepted four explosive-laden drones in two attacks launched from Yemen targeting the south of the Kingdom.
Three of the drones were destroyed early on Saturday and a fourth on Sunday.