Saudi National Products Expo Kicks Off in Kuwait

Al-Qahtani emphasized that Saudi products are distinguished by their quality and success - SPA
Al-Qahtani emphasized that Saudi products are distinguished by their quality and success - SPA
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Saudi National Products Expo Kicks Off in Kuwait

Al-Qahtani emphasized that Saudi products are distinguished by their quality and success - SPA
Al-Qahtani emphasized that Saudi products are distinguished by their quality and success - SPA

Saudi Deputy Ambassador to Kuwait Yahya Al-Qahtani inaugurated the second edition of the Saudi National Products Expo (SNP Expo), marking a significant step in strengthening the national economy and reinforcing Saudi identity.
Al-Qahtani emphasized that Saudi products are distinguished by their quality and success, showcasing the Kingdom's vast potential across various sectors and reflecting the creativity of its people.
He expressed hope that the SNP Expo, which runs until February 1, will create more opportunities for collaboration and partnerships between Saudi and Kuwaiti companies, fostering new avenues to strengthen the strong ties between the two brotherly nations, SPA reported.
Undersecretary of the Kuwaiti Ministry of Commerce and Industry Ziad Al-Najem praised the strong presence of Saudi products in the Kuwaiti market. He noted that these products represent more than just economic goods; they serve as symbols of cooperation and trust between the two nations and have become an essential part of daily life for Kuwaiti consumers.
Attendees toured the expo, where they were briefed on the participating brands and products across various sectors, including industry, food, health, technology, and commerce.



Custodian of the Two Holy Mosques Approves Saudi Riyal Symbol

Custodian of the Two Holy Mosques Approves Saudi Riyal Symbol
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Custodian of the Two Holy Mosques Approves Saudi Riyal Symbol

Custodian of the Two Holy Mosques Approves Saudi Riyal Symbol

Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud approved on Thursday the Saudi riyal symbol in a historic move that will reinforce the Saudi currency's identity.

SAMA Governor Ayman Al-Sayari extended his profound appreciation to the Custodian of the Two Holy Mosques and Prince Mohammed bin Salman bin Abdulaziz Al Saud, Saudi Crown Prince and Prime Minister, for launching the Saudi riyal symbol.

A Saudi Central Bank (SAMA) statement quoted Al-Sayari as saying that this decision reinforces Saudi Arabia's financial identity locally, regionally, and internationally. He indicated that the implementation of the new symbol will be gradual for financial and commercial transactions, with coordination across all relevant entities.

Al-Sayari said this initiative aims to promote national identity and cultural belonging, highlight the role of the national currency, and showcase the Kingdom among major global economies and G20 members. The initiative also signifies the increasingly important role of the national currency in the global financial ecosystem.

The Saudi riyal symbol

The governor acknowledged the collaborative efforts that have facilitated this achievement, extending his appreciation to all contributing entities involved in the symbol's development project led by SAMA, including the Ministry of Culture, the Ministry of Media, and the Saudi Standards, Metrology and Quality Organization.

According to the statement, the Saudi riyal symbol, developed to the highest technical standards, embodies the Kingdom's rich cultural heritage, carrying the name of the national currency "Riyal" in a design derived from Arabic calligraphy.

"The symbol will streamline the representation of the Saudi riyal in local, regional, and international contexts, making it suitable for use in referring to the Saudi riyal in all financial and commercial transactions," said the statement.

As Saudi Arabia advances its Vision 2030 agenda, the launch of the symbol solidifies the importance of the Kingdom's financial system and its increasing role regionally and internationally.