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Total revenue by Saudi Arabian Monetary Authority fintechs from 2018 to 2022 (in million Saudi riyals)

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Source

Release date

September 2023

Region

Saudi Arabia, MENA

Survey time period

2018 to 2022

Supplementary notes

Note: figures have been rounded.
Note: 1 SAR (Saudi riyal) equals approximately 0.27 U.S. dollars and 0.25 euros (as of November 2023).

Citation formats

Total revenue by SAMA fintechs 2018-2022

Published by ÌÇÐÄÆƽâ°æ Research Department, Nov 23, 2023

In 2022, fintechs in Saudi Arabia saw revenue increase by over *** million Saudi Arabian riyals over the previous year, amounting to *** billion SAR. Since 2018, fintechs authorized by the Saudi Arabian Monetary Authority (SAMA) have seen a sharp increase each year in revenue. Year over year growth was strong, with the highest jump recorded between 2020 and 2021 when revenue increased two-fold.

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