Mr. Taha bin Abdullah Al-Quwaiz, Chairman of Derayah Financial, on behalf of the Board of Directors, raised his deep thanks and appreciation to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, and His Royal Highness Prince Muhammad bin Salman, Crown Prince, Deputy Prime Minister and Minister of Defense, may God protect them, on the occasion of the issuance of The Council of Ministers’ decision approving the licensing of D360 Bank with a capital of 1.65 billion riyals, through an investment alliance and the participation of the Public Investment Fund as a strategic investor and led by Derayah Financial Company to establish a local digital bank to conduct banking business in the Kingdom.

Taha Al-Quwaiz also extends his sincere thanks to the Ministry of Finance and the Central Bank of Saudi Arabia “SAMA” for their role in enabling and developing the banking sector in the Kingdom.

Taha Al-Quwaiz pointed out that the most important characteristic of the D360 digital bank is the work on the integration and development of banking services provided to all segments of society to enhance financial inclusion through a plan to provide a set of innovative banking products with the best digital standards in the world, as a continuation of the approach adopted by Derayah Financial since the start of its journey. In 2008 AD. Taha Al-Quwaiz also indicated that the establishment of this bank is in line with the strategic objectives of the Financial Sector Development Program, one of the Kingdom’s Vision 2030 programs.