The Council of Economic and Development Affairs has approved the Financial Sector Development Program 2020, one of the programs to achieve Saudi Vision 2030, which seeks to develop the financial sector to be a diversified and effective financial sector to support the development of the national economy, stimulate savings, financing and investment, and increase the efficiency of the financial sector in order to enhance its efficiency to face and address the challenges facing the financial sector in Saudi Arabia.

The Financial Sector Development Program (FSDP) has been approved by the Council of Economic and Development Affairs. <The Financial Sector Development Program is linked to the strategic objectives of Saudi Vision 2030, which prioritizes the prosperity of the Kingdom's economy to reach an ambitious nation by developing and diversifying the economy, expanding investment in new sectors, supporting promising sectors, and attracting various investments globally; the program is based on three main pillars, namely: «Enabling financial institutions to support private sector growth, developing an advanced financial market, and promoting and enabling financial planning.»