Saudi Central Bank (SAMA)
Who regulates open banking in Saudi Arabia?
Content reviewed 2026-08-14 · How we check sources
Short answer
The Saudi Central Bank (SAMA). SAMA sets the Open Banking Framework and regulates payment-service activities such as Payment Initiation and Payment Account Information services.
What this means
Open banking sits within SAMA’s broader payments and financial-sector mandate, not the Saudi Capital Market Authority’s securities mandate.
If a product combines bank-data access with investment advice or securities distribution, the investment feature may separately engage the Saudi CMA.
Official sources
SAMA — Implementing Regulations of the Law of Payments and Payment Services ↗SAMA — Open Banking ↗Does your situation differ?
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Regulatory research, not legal advice. This answer has the scope and review date shown above; your institution decides applicability.