RIYADH: The board of Al-Moammar Information Systems Co. (MIS) is to become a founding shareholder with a consortium of commercial entities to establish a digital bank in 海角直播 in compliance with Islamic law, according to Al Arabiya.
The company would contribute SR25 million ($6.66 million) to the bank鈥檚 capital, according to its statement on Tadawul, and its establishment would be subject to the approval of authorities.
鈥淭he Kingdom is one of the world鈥檚 most digitally advanced countries, and banks are leading their transformation with real-time digital solutions to meet their customers鈥 banking needs,鈥 said Khaled Al-Saleh, managing director of SAP 海角直播, in 2018.
鈥淪audi banks are driving new and innovative banking models in line with Vision 2030 goals for economic growth and diversification,鈥 he added.
