The Saudi Arabian Monetary Agency (SAMA) renewed its support for the finance companies sector and its efforts to overcome the obstacles facing it, noting the institution's interest in raising the rate of localization of jobs in the finance sector and qualifying national cadres and the contribution of the Monetary Agency and its support for training programs to achieve national goals for the growth of the financial sector and the development of human resources included in the Kingdom's Vision 2030.
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Dr. Fahad bin Abdullah Al Mubarak, Governor of the Corporation, explained this in a meeting with the boards of directors of finance companies, noting that the number of companies licensed by the Monetary Authority to engage in one or more financing activities reached 32 companies, and that the combined capital of licensed finance companies reached 11.3 billion riyals by the end of 2015. He added that the finance companies sector has achieved positive results in a short period of time. Al Mubarak said : The total net financing assets of finance companies increased in 2015 by 25% compared to 2014 to reach 28.2 billion riyals.
Mubarak said.








