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- Saudi Arabia's airports handle record 128 million passengers in 2024
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- King Salman approves Saudi riyal symbol
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20/02/2025 10:08 AST
King Salman on Thursday approved the official symbol for the Saudi riyal, marking the beginning of a new chapter in the Kingdom's financial journey, as reported by the Saudi Press Agency.
Saudi Central Bank Gov. Ayman Al-Sayari expressed his gratitude to the nation's leadership for launching the symbol, which he believes "reinforces Saudi Arabia's financial identity both locally and globally."
Al-Sayari further noted that this initiative underscores the growing international influence of the Saudi riyal, while also fostering a sense of national pride and cultural unity. He added that the newly designed symbol represents the Kingdom's rich cultural heritage.
The symbol, which blends Arabic calligraphy with the name of the national currency, "riyal," will be utilized in financial and commercial transactions both within the Kingdom and internationally.
The central bank governor also commended the collaborative efforts of all parties involved in the project, including the Ministry of Culture, the Ministry of Information, and the Saudi Standards, Metrology, and Quality Organization.
Introducing a symbol for the riyal reinforces the Kingdom's financial and economic identity, further positioning the Saudi riyal as a credible and globally recognized currency within the international financial system.
It also simplifies the representation of the riyal in financial transactions and commercial dealings.
According to SAMA, the symbol will be rolled out immediately, with its integration into financial and commercial transactions, as well as various applications, occurring gradually in coordination with relevant entities.
Arab News
22/02/2025
Saudi Arabia's airports processed a record 128 million passengers in 2024, a 15 per cent increase from the previous year and a 25 per cent surge compared to pre-pandemic levels, according to the Air
Gulfnews
22/02/2025
Airfares to the UAE from India, parts of Pakistan, London, GCC nations, and other global cities have hit record highs this weekend. Return economy airfares, typically ranging from Dh900 to Dh1,200 du
Gulf Daily News
22/02/2025
Saudi Arabia's Crown Prince Mohammed bin Salman hosted a meeting of leaders from Gulf Cooperation Council countries, Jordan, and Egypt in Riyadh on Friday.
The meeting discussed joint effort
Arab News
21/02/2025
Saudi Arabia's banks issued SR91.1 billion ($24.28 billion) in new residential mortgages to individuals in 2024 - a 17 percent rise on the previous year, according to official data.
Figures
Arab News
21/02/2025
Human Capital announced yesterday it is joining QIA's "Fund of Funds" programme. As part of the partnership, HCF LLC ("HCF"), an affiliate, will open an office in Doha, Qatar.
A statement is
The Peninsula
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia