The Saudi Arabian Monetary Authority (SAMA) concluded with the Capital Market Authority (CMA) today, Monday 02/22/2020, an electronic link agreement between SAMA and the Authority to benefit from "Tanfeith" program aimed at direct linking of technical systems between the two sides and the integration between them.

In a statement, SAMA clarified that it seeks through the "Tanfeith" program to enhance the level of cooperation with government agencies and to overcome the difficulties and obstacles that may face joint work between SAMA and relevant bodies. Moreover, this comes in an attempt to keep pace with the workload in line with the goals of the Kingdom's 2030 vision that focuses on benefiting from Modern technical means and e-government applications, and raising the level of government services in a way that contributes to shortening administrative procedures, and raising the level of their quality and speed of delivery.

The Governor of SAMA, Dr. Ahmad bin Abdul Karim Al-Kholifey expressed his thanks to the Chairman of the Capital Market Authority Council, Mr. Mohammed bin Abdullah Al-Qweiz, for his contribution to expediting the electronic linkage procedures between the two sides, as well as the work teams from SAMA and the Authority.