Saudi financial sector shows Q2 resilience, eyes next phase under Vision 2030, says minister
- Finance Minister Mohammed Al-Jadaan emphasized the importance of regulatory frameworks and liquidity in supporting the sector amid economic challenges.
- The Kingdom is preparing for the third phase of Vision 2030, aiming for more efficient markets and a competitive private sector that can capitalize on new growth opportunities.
- A recent Cabinet decision allows regional financial institutions to conduct cross-border activities, enhancing Saudi Arabia's competitiveness as a regional financial hub.
