Riyadh: The National Debt Management Center (NDMC) today signed a memorandum of understanding (MoU) with Tarmeez Capital Company to establish cooperation frameworks in the field of savings products. This strategic agreement was formalized at the NDMC’s headquarters in Riyadh, with signatures from NDMC CEO Hani Almedaini and Tarmeez Capital Company CEO Eng. Nasser Al-Saadoun.

According to Saudi Press Agency, the MoU is part of NDMC’s broader efforts to enhance collaboration with the private sector for the development and launch of new government-supported savings products. This initiative is aimed at increasing the number of individuals who save regularly in the Kingdom, while also diversifying and expanding the range of available savings products and facilitating access to them. This endeavor aligns with the Financial Sector Development Program, a vital element of Saudi Vision 2030 that aims to enhance and enable financial planning.