Page 97 - SAMENA Trends - July-August 2022

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

Sirar by stc and Saudi Fintech Sign an Agreement to Support Small and

Medium Enterprises, Financial Technology Companies and Entrepreneurs

Under the patronage of the Governor of Governor of the Capital Market Authority companies and entrepreneurs to achieve
the Digital Government Authority, Eng. for Strategic and International Affairs. innovation and diversity in products and
Ahmed bin Muhammad Al-Suwayan, the The agreement was signed by the CEO services through digital platforms. Sirar
Advanced Company for Technology and of the Advanced Technology and Cyber by stc CEO Fahad Al-Jutaili confirmed that
Cyber Security “sirar by stc” signed an Security Company "sirar by stc", Eng. Fahad this agreement comes within the efforts
agreement with “Fintech Saudi Arabia”, Al-Jutaili, and the designated General of Sirar by stc to support and enable the
in the presence of the Undersecretary Manager of the Saudi Fintech Initiative, Mr. Fintech sector in the Kingdom of Saudi
of the Ministry of Communications and Nizar Al-Haider. Under the agreement, "sirar Arabia, which contributes to achieving the
Information Technology for Technology, by stc" will offer a package reduced by up goals and plans of digital transformation
Mr. Ibrahim Al-Nasser, and the Deputy to 60% for the digital signature service that in the Kingdom. It is also worth noting that
Governor of the Communications and will benefit small and medium enterprises, the digital signature service is a service
Information Technology Commission for financial technology companies and that enables beneficiaries to digitally sign
the Information Technology Sector and entrepreneurs. The agreement embodies documents from anywhere and at any time
Emerging Technologies, Mr. Raed Al-Fayez, the integration between Sirar by stc, the while ensuring reliability, verification and
Deputy Governor of the Saudi Central Bank Digital Government Authority and the security.
for Development and Technology, Mr. Ziad Saudi Central Bank, to support small and
Al-Yousef, and Mr. Yazid Al-Damiji, Deputy medium enterprises, financial technology

Syria and China Sign USD30m Deal for Supply of Equipment

The governments of Syria and China Communication and Technology (MoCT) country’s ongoing civil war. The works are
have signed an agreement for the noted in a statement that the USD30 to be completed in two phases with each
supply of telecommunication equipment million project would look to restore covering four governorates.
and software for state-owned telco communications systems that have been
Syrian Telecom (ST). Syria’s Ministry of destroyed by opposition forces during the

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