SAMA Wins Best Risk Manager Award, at World Central Banks Level

Riyadh, The Central Banking Awards Committee (SBAC) has awarded the Saudi Arabian Monetary Agency (SAMA) the Best Risk Manager award, at the central banks level for 2018-2019.

The award was the culmination of SAMA's efforts to effectively and fully implement risk management methodology in the organization as a whole, and to ensure that these risks are adequately managed and closely monitored.

SAMA (playing the role of a central bank in the Kingdom of Saudi Arabia) has achieved all professional requirements in the application of best practices and international standards. After examining all criteria and requirements for winning the award, SAMA was the best among all central banks, henceforth it was rated as the world's best risk manager.

Commenting on the event, the Governor of (SAMA) Dr. Ahmed bin Abdulkarim Al-Khilaifi stressed that SAMA attaches great importance to risk management and commitment to it, in order to identify in advance, all types of risks it may face, adding that: We are proud that SAMA has received the Risk Manager Award for 2019.

Source: Saudi Press Agency