Fahd Al-Akeel, executive director of Saudi Payments, a subsidiary of the Saudi Arabian Monetary Authority (SAMA),
Vast wealth and the promise of dramatic change make for cautious optimism concerning Saudi Arabia, the chief executive…70 Views | the publication reaches you by | Saudi Arabia Today
Speaking to Al-Ekhbaria, he said:
“Before the end of the year, we will introduce the system of instant transfers to process transactions, and it will be within 24 hours. At present, the cutoff time for transferring money from one bank to another is 3 p.m. Any transfer made after the cutoff time is executed the next day,” he added.
The project for the design, engineering and procurement of the new 400,000m3/day Jubail II seawater reverse osmosis (SWRO)…167 Views | the publication reaches you by | Saudi Arabia Today
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