In the name of Allah, the most merciful and compassionate,

Peace and Blessings be upon the most honorable of prophets and messengers, our Prophet Muhammad, and upon his family and companions

Your Excellencies and Honorable Attendees,

At the outset, I would like to express my sincere gratitude to the Custodian of the Two Holy Mosques and the Crown Prince for their constant support and care to the Kingdom's financial sector in realizing its goals.

I would also like to express my appreciation the attendees for their invaluable contributions to the success of this conference, which is one of the initiatives of the FSDP organized by the Program's partners: the Ministry of Finance, the Saudi Central Bank, and the Capital Market Authority.

This conference is a manifestation of our commitment to fostering the growth and development of the financial sector by providing a conducive environment for innovation, enhancing FinTechs, and advancing human capital in this field.

Financial Sector companies play a pivotal role in developing and advancing domestic skills for an enhanced contribution in a competitive environment, especially given the swift transformations within the sector.

We all know the relevance of this type of conference and its direct and indirect contribution to the development of core competencies and futuristic visions for discussing the challenges faced by the financial sector and the means to overcome them.

The broad participation in this year's conference brought together prominent representatives from the financial industry and experts to share their experiences, learn about global best practices through a series of dialogues and sessions to deal with the challenges and opportunities facing the sector. The conference also highlighted relevant regulations and legislation, with the goal of fostering collaboration and enhancing the sector in line with its expansion and growth plans.

The efforts of SAMA and its partners within the FSDP will persist in enabling financial institutions to bolster the expansion of the private sector, foster national economic growth, broaden revenue streams, and encourage savings, financing, and investment.

Furthermore, we also seek to provide an environment that attracts FinTech startups, doing our utmost to match the latest regional and international economic developments, and enable this type of companies to invest and innovate in their promising sector.

Additionally, we place great importance on the insurance sector in the Kingdom, which is experiencing rapid growth due to the integrated efforts of the program partners. We remain actively engaged in enhancing the sector's progress for its meaningful contribution to the national GDP.

In closing,

SAMA and its partners in the FSDP firmly believe in the importance of meeting the program objectives by supporting the growth and sustainability of the local economy, while simultaneously preserving its robustness and stability of the financial sector.

We look forward to continuing our engagement and launching a Third Edition of the Financial Sector Conference to further incentivize the Kingdom's economy to attract more investments to fulfil the aspirations of our leadership, and Saudi Vision 2030 goals.

Thank you all for your valuable participation and contributions.

May Allah bless and grace us all in our endeavors.​