SAMA Launches First Edition of Cyber Anti-Fraud Program

Logo of the Saudi Central Bank
Logo of the Saudi Central Bank
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SAMA Launches First Edition of Cyber Anti-Fraud Program

Logo of the Saudi Central Bank
Logo of the Saudi Central Bank

The Saudi Central Bank (SAMA) has launched the first edition of the Cyber Anti-Fraud Program (CAFP).

The program spans for a period of three-months and aims to train and develop a cohort of trainees, drawn from SAMA and local banks, through intensive cyber fraud education and on-the-field training.

The CAFP, one of the most significant initiatives, adopts best international standards and practices in the field of cyber fraud training.

This program is designed to support the national talent within the financial sector in collaboration with a leading British university and renowned global entities specializing in cyber fraud prevention and detection.



Total Revenues at Saudi PIF More Than Double to $88.5 Billion

PIF headquarters in Riyadh. Asharq Al-Awsat
PIF headquarters in Riyadh. Asharq Al-Awsat
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Total Revenues at Saudi PIF More Than Double to $88.5 Billion

PIF headquarters in Riyadh. Asharq Al-Awsat
PIF headquarters in Riyadh. Asharq Al-Awsat

Saudi Arabia's sovereign wealth fund PIF swung to a profit of 138.1 billion riyals ($36.81 billion) in 2023, it said on Monday.

Total revenues at the Public Investment Fund more than doubled to $88.5 billion last year from $44 billion in 2022, according to a regulatory filing.

The rise in revenues was driven by factors including an improvement in both investment and non-investment activities in sectors like banking, telecommunications and gaming, as well as increased dividends.