Total revenue by SAMA fintechs 2018-2022

Published by
Amna Puri-Mirza,
Nov 23, 2023
In 2022, fintechs in Saudi Arabia saw revenue increase by over 800 million Saudi Arabian riyals over the previous year, amounting to 2.8 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.

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

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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).

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