The Saudi Central Bank (SAMA) announced the Cabinet’s approval to license EZ Bank as a new digital bank in Saudi Arabia with SAR 2.5 billion capital, bringing the total number of licensed banks in the Kingdom to 39, including 15 Saudi banks and 24 foreign bank branches.
Saudi Arabian Monetary Authority 2025-09-30
Saudi Central Bank announces Cabinet approval to license EZ Bank as a new digital bank with SAR 2.5 billion capital
The Saudi Central Bank (SAMA) announced the Cabinet's approval to license EZ Bank as a new digital bank in Saudi Arabia with SAR 2.5 billion capital. This addition brings the total number of licensed banks in the Kingdom to 39, comprising 15 Saudi banks and 24 foreign bank branches.