SAUDI SECTOR SPOTLIGHT ON BANKING, POWERED BY PIF GLOBAL ASSET MANAGEMENT FORUM

The panel discusses the Saudi banking sector's role in driving economic growth and digital inclusion. Abdulaziz emphasizes diversifying funding sources for sustainable growth, citing the increasing demand from megaprojects and housing. Tony addresses liquidity challenges, noting the ongoing deregulation process and the development of capital markets. Ese highlights the technology and low-cost operating model advantages of digital-only banks, providing ease of use and lower fees to customers. Mohamed stresses the importance of designing tailored products for SMEs and sees STC Bank as an infrastructure player enabling Vision 2030. Tony also elaborates on ESG-driven transformation, highlighting the importance of governance in creating sustainable growth. Ese underscores access to credit for both individuals and SMEs as a key lever for growth, while Tony emphasizes the role of AI in the financial industry. The panel concludes by highlighting the need for innovative finance structures, data-driven customer-centric approaches, and long-term growth strategies for the sector's future.