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.


King Salman receives closing statement of the Science Group Summit

Saudi Health Minister Dr. Tawfiq Al-Rabiah, right, receives the closing statement of the S20 group from its chair Dr. Anas bin Faris Al-Fares. (SPA)
Updated 29 September 2020

King Salman receives closing statement of the Science Group Summit

  • The closing statement of the meeting included 10 recommendations, which will be submitted to the G20 heads of state

On behalf of King Salman, Health Minister Dr. Tawfiq Al-Rabiah on Monday received the closing statement of the Science Group Summit (S20) from the group’s chair, Dr. Anas bin Faris Al-Fares, who is also the president of King Abdul Aziz City for Science and Technology, after a virtual meeting.
Several scientific organizations from the G20 countries took part in the meeting, which was hosted by Saudi Arabia. The S20 group focuses on future health, a circular economy and the digital revolution. The meeting stressed the importance of making decisions based on scientific facts supported by data.
The closing statement of the meeting included 10 recommendations, which will be submitted to the G20 heads of state. More than 180 scholars participated in drafting the recommendation. They called for increasing the level of preparedness in the wake of a pandemic. They also recommended consolidating advanced treatment and precision medical research with a particular focus on keeping the costs affordable and treatments accessible to all.
The group also stressed the need to devise policies to face challenges arising from demographic shifts. One of the recommendations includes development of an integrated approach to the extraction of natural resources.
They also urged the relevant authorities to consolidate recycling systems to curb carbon emissions.