Muhammad Al-Quwaiz, Chairman of the Capital Market Authority, revealed a plan to target the increase of financial technology facilities to exceed 525 companies by 2030.

This came during the closing ceremony of the financial technology camp organized by the Financial Academy in cooperation with the Saudi “Fintech” initiative, on Sunday, where Al-Kuwaiz stressed that achieving the goal of increasing establishments in the field requires investing in capabilities and stimulating entrepreneurship, revealing the government’s progress to become a global center for financial technology, which It was represented in a number of efforts, beginning with the adoption of the financial technology strategy for last year, and passing through the increase in the number of companies in the field to reach 147 establishments, an increase of 50 percent from 2021.