Finance Minister Inaugurates Money 20/20 Middle East Conference

Minister of Finance and Chairman of the Financial Sector Development Program Committee Mohammed Aljadaan inaugurated the Money 20/20 Middle East conference in Riyadh today. The event was attended by ministers, officials, and investors from around the world.
 In his address, he highlighted the conference's role in uniting financial leaders and policymakers managing over $7 trillion in assets to discuss a prosperous and inclusive financial future. He emphasized the Kingdom's commitment to innovation and its ambition to be a global financial center.
 Aljadaan noted that Saudi Arabia is a key player in developing solutions and pointed to opportunities in the digital economy and artificial intelligence. He outlined the Vision 2030 initiative to diversify the economy through public-private partnerships, citing the Saudi capital market's growth to over $2.4 trillion by mid-2025 and the rise of electronic payments from 18% in 2016 to 79% by 2024.
 He reported an increase in active FinTech companies to 280 and a 16.3% growth in the insurance sector in 2024. He also mentioned the launch of a local mortgage-backed securities program and JP Morgan’s positive outlook on Saudi sovereign sukuk.
 The conference, running from September 15 to 17, 2025, is supported by the Financial Sector Development Program, the Saudi Central Bank (SAMA), and the Capital Market Authority, featuring over 350 speakers and 600 investors discussing key financial topics.