We take great pride in welcoming all the speakers and participants in the Financial Sector Conference Talks “FSC Talks” that pave the way to the 2nd Edition of the Financial Sector Conference (FSC) set to be held in February, .2022

The Financial Sector Conference is the largest and most important event for the financial sector in Middle East. It is one of the major forums for key sector institutions, policymakers, financiers, and beneficiaries. It highlights the competitive position of the Saudi financial sector in Middle East and the world, and contributes to introducing the Financial Sector Development Program and its initiatives aimed at realizing the Saudi Vision 2030.

FSC presents an opportunity for financial sector leaders to meet and communicate, exchange experiences and information, discuss challenges and practices in order to develop the sector, present investment opportunities, foster competition, and increases the attractiveness of the Saudi financial sector, especially as it attracts sector leaders locally, regionally and globally.

In conclusion, we would like to express our gratitude for the reliable support and participation provided for this event. We look forward to a beginning of a solid strategic relationship with the supporting parties that will contribute to the success of the conference. We wish our guests a pleasant stay in our beloved capital.

Thank you,
Conference Organizing Committee[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]en[/vc_column_text][vc_column_text]

The Financial Sector Development Program is one of the executive programs launched by the Council for Economic and Development Affairs.

It aims to create a diversified and effective financial services sector to support the development of the national economy, diversify its sources of income, and stimulate savings, finance, and investment. The program is underpinned by three main pillars:

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner width=”1/5″][/vc_column_inner][vc_column_inner width=”1/5″][vc_column_text]تطوير ســــــوق[/vc_column_text][vc_column_text]

Ensure the formation
of an advanced
capital market

[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/5″][vc_column_text]تمكين المؤسســـات الماليـــــة[/vc_column_text][vc_column_text]

Enable financial
institutions to support
private sector growth

[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/5″][vc_column_text]تعزيــــز وتمكـيــــن[/vc_column_text][vc_column_text]

Promote and enable
financial plannin

[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/5″][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text]ُيعـد “برنامـج تطويـر القطـاع المالـي” عامـل تمكيـن لرؤيـة المملكـة 2030 التـي تهـدف إلـى تقليـل اعتمـاد المملكـة علـى قطـاع النفـط، وتعزيـز تنميـة قطـاع خـاص مزدهـر يحـرك الاقتصـاد المحلـي، ورفـع مسـاهمة القطـاع المالـي فـي الناتـج المحلـي الإجمالـي. لـدى مختلـف شـرائح المجتمع.[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text]

The Financial Sector Development Program is an enabler of Vision 2030, which aims to reduce Saudi Arabia’s dependence on the oil sector and promote the development of a thriving private sector that drives the national economy. The program will contribute to increasing the contribution of the financial sector in the GDP.


About the


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Financial Sector Conference (FSC) is an initiative of the Financial Sector Development Program, launched under the “Saudi Vision 2030”. The Conference is organized by the Financial Sector Development Program partners, namely the Ministry of Finance, the Saudi Central Bank and the Capital Market Authority. It is considered one of the most important dialogue platforms that attracts decision makers in the financial sector and senior executives in financial institutions, and serves as a window for many promising investment opportunities provided by Saudi Vision 2030’s projects, especially the initiatives of “Financial Sector Development Program” with its three pillars; enabling financial institutions to support private sector growth, developing an advanced capital market, and promoting and enabling financial planning to support all society groups.


Importance of

the Conference

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]The Financial Sector Conference is an important event for the financial sector, as it is set to be the largest event of its kind at the local and international levels that offers all financial sector stakeholders an opportunity to exchange their visions and ideas on the latest financial topics and technologies, gain knowledge and discover best global practices in the industry over the course of rich two-day agenda.
In addition, the event provides a financial platform that allows participants a rare opportunity to connect with and engage in constructive dialogue with
high-level officials from local, regional andgl
obal financal markets.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]1[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]

Main Topics of

the Conference


In its inaugural edition, the conference will focus on the following topics:


Capacity building of the
financial sector


The 1st Edition


The 1st edition of FSC was launched in 2019 under the theme “Promising Financial Prospects”. The conference attracted about 2,000 participants representing local, regional and international finance and business sector leaders from the public and private sectors. The 2nd edition will continue to build on the achievement of the first conference; most notably the introduction of Saudi financial system, and Financial Sector Development Program initiatives, including the establishment of joint links for trading and clearing with some developed markets.


The 2nd Edition


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The largest financial event in the Middle East is preparing to launch its second edition in February 2022. The spotlight in Second Edition of the Financial Sector Conference will be given to Fiscal sustainability and to environmental, social and corporate governance (ESG) in the global financial system. It will also review many real investment opportunities offered by the vision projects and the initiatives of the Financial Sector Development Program; With the aim of creating a sustainable economy capable of facing various challenges, and continuing to build on the successes achieved in the first conference; It introduces the Saudi financial system, and the initiatives of the Financial Sector Development Program, including the establishment of joint links for trading and clearing with some developed markets.





Ministry of Finance


Ministry of Finance was established in 1925 to undertake the re- sponsibility of the financial policy, organize and preserve the State properties and to be the general reference for all finances in all Kingdom’s regions. MOF’s vision is focused on enabling Saudi Ara- bia to be among the top 15 economies in the world by 2030 through a distinguished financial system that relies on values and principles of partnership, transparency, accomplishment and commitment. Moreover, MOF’s mission is outlined in setting effective financial policies, managing the financial resources in order to achieve sta- bility, economic growth and financial sustainability, increasing the spending efficiency, promoting the partnerships with the private sector through effective governance and enabling the Kingdom’s in-

.fluence on the financial community regionally and globally

MOF’s key strategic objectives to accomplish its vision and mission are as follows: to develop sustainable financial policies, effectively allocate and manage the financial resources, improve quality of the financial accounts, enhance transparency along with the optimal utilization of State’s assets and innovative financing, promote the regional and international standing of Saudi Arabia, enable digital transformation of MOF, qualify the staff within a productive environ-

.ment and enhance change and communication management

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]البنك المركزي السعودي[/vc_column_text][vc_column_text]

The Saudi Central Bank (SAMA)


In 1952, the Saudi Arabian Monetary Authority (SAMA) was estab- lished. During that period, SAMA was acting as the Saudi Govern- ment’s banker with primary functions. The Royal Decree was is- sued in 2020 approving the Saudi Central Bank Law, including the amendment of the name of the Saudi Arabian Monetary Authori- ty to become the Saudi Central Bank, keeping the same acronym (SAMA). The Saudi Central Bank continues to be financially and ad- ministratively independent, as well as pursuing its duties such as handling the banking affairs of the government, minting and print- ing the national currency (the Saudi Riyal), strengthening the Saudi currency and stabilizing its external and internal value. In addition to strengthening the currency’s cover, SAMA is entrusted to manage the Kingdom’s foreign exchange reserves and the stability of prices and exchange rate. As well as being a key to the development of the financial system in the Kingdom and its soundness, SAMA is over- seeing commercial banks, exchange dealers, cooperative insurance companies and self-employment professions relating to the insur- ance activity, finance companies, credit information companies, payment systems and payment service providers.

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]هيئة السوق المالية[/vc_column_text][vc_column_text]

Capital Market Authority (CMA)


The Capital Market in Saudi Arabia unofficially started in the early fifties, and continued to operate successfully, until the government set its basic regulations in the eighties. The current Capital Market Law is promulgated and pursuant to Royal Decree No. (M/30) dated 26/11/2003 The CMA’s functions are to regulate and develop the Saudi Arabian Capital Market by issuing required rules and regu- lations for implementing the provisions of Capital Market Law. The basic objectives are to create an appropriate investment environ- ment, boost confidence, and reinforce transparency and disclosure standards in all listed companies, and to protect the investors and dealers from illegal acts in the market.

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