Riyadh – Mubasher: Samba Financial Group has launched a package of investments and savings initiatives as part of its strategic partnership with the governmental financial sector in a bid to provide investment vehicles to retail customers.
Samba Financial Group revealed three investment initiatives as part of the Saudi vision 2030’s financial sector development programme, on the sideline of the Financial Sector Conference (FSC) held on 24-25 April in Riyadh, according to a statement.
The two-day event is organised by the Saudi Arabian Monetary Authority (SAMA), the Capital Market Authority (CMA), and the Ministry of Finance (MoF) with the participation of around 2,000 local and international business and finance experts.
Samba sovereign sukuk fund initiative was launched as the first of its kind in the kingdom, Samba Financial Group’s chairman Ammar Abdulwahid Al Khudairy said.
Moreover, the group also launched Thamarat savings account, in partnership with SAMA, as well as the 30-year sukuk initiative which aims to invest in long-term government sukuk.
