The Saudi Central Bank (SAMA) has granted D360 Bank, a licensed digital bank, approval to commence banking operations in Saudi Arabia.
This decision aligns with SAMA’s strategy to enhance financial sector stability, build trust, foster economic growth and encourage competition within the banking industry.
D360 Bank operates as a digital banking institution adhering to Sharia principles. The bank’s investors include the Public Investment Fund, Derayah Financial Company and a consortium of financial and investment experts from within the Kingdom.
