SAMA's governor confirms strength, solvency of banking sector in 's governor confirms strength, solvency of banking sector in

Sao Paulo, November 08, SPA--The Governor of Saudi Arabian Monetary
Agency (SAMA) Hamad bin Saud Al-Sayyari reaffirmed the strength and
solvency of the banking sector in the Kingdom of Saudi Arabia due to
the supervisory standards being pursued by the Agency.

In a speech at the ministerial meeting of Group 20 in Sao
Paulo today, Al-Sayyari pointed out that these standards have enabled
Saudi banks to face the effects of the world financial crisis, adding
that the financial results of banks for the first nine months proved
the strength of the banking system and its continued ability to meet
the financing needs for the growth of domestic economic activity to
ensure continued economic activity at strong rates.
He commended continual remarkable growth in the economic
activity in the Kingdom.