Riyadh – Mubasher: Four licences are expected to be issued over the next period for regional financial institutions from neighbouring countries to invest in Saudi Arabia, the Saudi Arabian Monetary Authority’s (SAMA) governor Ahmed Alkholifey said.
The Saudi central bank will support the local currency as it did in 2016, Alkholifey added on the sidelines of the Future Investment Initiative (FII).
Organised by Saudi Arabia’s sovereign wealth fund, the FII conference, dubbed “Davos in the Desert” started on Tuesday, 23 October in Riyadh and is scheduled to end on Thursday, 25 October.
