Governor of SAMA holds press conference on latest economic,

SPA - He cited indicators of investment, government spending, consumer spending and private investment spending as examples of growing indicators, saying that government spending increased by 19 percent than last year, representing a strong incentive for economic growth.

He cast light on the strict monitoring and control system
on the local banks in the Kingdom, describing it among the most
internationally recognized procedures both in terms of ensuring the
safety of assets and adequacy of capital or liquidity, as well as
good governance of companies and banks.

"Sometimes we are blamed as conservatives. We recognize
that we are so, in terms of controlling procedures. However, the
significance of conservative measures are shown in need", he said,
citing the current financial situation in the world.
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