The partners of the Financial Sector Development Program (Ministry of Finance, the Central Bank of Saudi Arabia and the Capital Market Authority) organized this evening, Sunday, a media meeting accompanying the Financial Sector Conference in the second edition, which will be held on March 15 and 16, 2023 at the International Conference King Abdulaziz Center in Riyadh.

Abdul Mohsen Al-Khalaf, Assistant Secretary of the Treasury for Macro-Financial Policy and International Relations, said: “The changing environment of the financial sector requires us to find space for discussion due to variables, opportunities and challenges.”

Yarub Al-Thunayan, Adviser to the Minister of Finance and Chairman of the Conference’s Standing Review Committee, confirmed that the conference is “an opportunity to present a financial sector development program that has achieved tangible initiatives and successes.”

He noted that the conference, as an international regional platform, reflects the strength of the Kingdom’s largest economy in the region, as well as a platform for decision makers and an incentive for the sector. Expanding on what the Financial Sector Development Program, one of the Saudi Vision 2030 initiatives, is working on.

In this context, Khaled Al-Hamoud, Member of the Board of Directors of the Capital Market Authority and member of the Supervisory Committee of the Financial Sector Conference, said that the conference will discuss the position of financial institutions in the new financial reality. , the importance of flexibility and adaptability, and the impact of technology on competitiveness, an overview of a number of topics that will be covered at the conference. First of all, it is open banking, secure financing and investment, as well as transparency and governance and their impact. on the sector.

Regarding the technical aspect, Ziyad Al Youssef, Deputy Governor for Development and Technology of the Central Bank of Saudi Arabia, Chairman of the Technical Committee and Member of the Supervisory Committee of the Financial Sector Conference, explained that “the conference brings together elite lawmakers and international experts to present the latest innovations and innovative financial products in the financial, banking and insurance sectors. .

As for the conference attendees, Deputy Finance Minister for Communications and Media and Chairman of the Executive Committee of the Financial Sector Conference Hassan Al-Sheikh indicated that more than 3,000 participants with diverse backgrounds in various areas of the sector are expected to attend, stressing that the Kingdom has become an incubator for many international events and conferences, and that the financial sector conference represents its role in discussing global issues.

For his part, Nasser Al-Ajjaji, Assistant Director General of the Financial Sector Development Programme, explained that the purpose of the Financial Sector Conference is to find solutions to fill gaps and discuss the role of the financial sector in enabling projects, whether in the Kingdom or across the world.

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