1. Consumer Financial Protection in the Kingdom of Saudi Arabia.

The Saudi Arabian Monetary Agency (SAMA) is responsible for supervising banks, finance companies, insurance companies, money changers and credit information companies. Since the issuance of its Charter in 1952 and the Banking Control Law in 1966, SAMA has been working on protecting consumers' interests and ensuring that financial institutions deal with consumers in a professional and fair manner.

SAMA's role has been gradually developing with the expansion of the financial sector. In 1424H (2005), it became responsible for the insurance sector under the Cooperative Insurance Company Control Law issued by Saudi Arabia Royal Decree No. M32/1424 dated 02/06/1424. In 2012, it also became responsible for supervising and overseeing finance companies under the Finance Company Control Law issued by Saudi Arabia Royal Decree No. M51/1433 dated 13/08/1433H, expanding its role in enhancing consumer protection.