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SAMA to begin the Cyber Security Training program

Public Now, 09 September 2018

Saudi Arabian Monetary Authority (SAMA) announced the launch of the second version of its cyber
security training program Secure 18, in order to prepare national cadres for taking cyber security
positions in the financial sector, as well as other sectors. This initiative which is held for the second year
in a row is one of the Financial Sector Development Program's initiatives to help push the kingdom 2030
vision forward.

Al-Mutairi named as SAMA’s Deputy Governor for Research and International Affairs

Argaam, 04 September 2018

Saudi Arabian Monetary Authority (SAMA), the Kingdom’s central bank, has appointed Turki Al-Mutairi
as Deputy Governor for Research and International Affairs, according to an official statement. Al-Mutairi
started his career in 2003 as an economist. He joined the International Monetary Fund (IMF) in 2012 as
an advisor to the executive director for Saudi Arabia. In 2018, he was appointed as an advisor to the
SAMA governor.

SAMA warns against dealing with unlicensed, violating insurers

Asharq Al-Awasat, 14 August 2018

Saudi Arabian Monetary Authority issued an official statement warning against dealing with persons not
licensed to practice insurance activities in the kingdom. In a step to ensure that citizens and residents
receive fair prices and the best insurance services, SAMA warns against falling victim of illegal practices
by dealing with unlicensed persons, which may lead to the denial of insurance claims.

Cryptocurrency Trading is illegal in Saudi Arabia

Crypto News Monitor, 13 August 2018

The Kingdom of Saudi Arabia recently reinforced its stance on the illegality of cryptocurrency trading in
the country. In addition, the government created a standing committee headed by the Capital Market
Authority to oversee the enforcement of the prohibition. Other members of the committee include
representatives of the Ministry of Interior, the Ministry of Information, the Ministry of Trade and
Investment, and the Saudi Arabian Monetary Agency (SAMA).