SAMA
البنك المركزي السعودي
Definition
SAMA (Saudi Central Bank, formerly Saudi Arabian Monetary Authority) is the central bank of Saudi Arabia. It regulates banks, insurance companies, and financing institutions, manages monetary policy, issues currency (Saudi Riyal), and oversees payment systems including SADAD and Mada.
Why SAMA Matters in Saudi Arabia
SAMA is a critical component of Saudi Arabia's fiscal framework managed by ZATCA. With the introduction of 15% VAT in 2020, enhanced e-invoicing requirements (Fatoorah), and ongoing Zakat compliance, businesses must understand these financial concepts to remain compliant. Proper knowledge of this term helps optimize tax planning and avoid penalties that can significantly impact your bottom line.
🔗 Related KSA Calculator
🇸🇦Free online tool — calculate instantly with the latest 2025/2026 rules