Saudi and Omani Ministers of Finance Sign MoU Regarding Cooperation in Financial Sector
His Excellency the Saudi Minister of Finance, Mr. Mohammed Aljadaan, and His Excellency the Omani Minister of Finance, Mr. Sultan bin Salem Al-Habsi, signed a Memorandum of Understanding (MoU) to bolster cooperation in financial affairs between the Kingdom of Saudi Arabia and the Sultanate of Oman, on the sidelines of the Board of Governors’ retreat of the Islamic Development Bank Group, which was held on January 12, 2025, in Madinah, Saudi Arabia.
Minister Aljadaan highlighted that this MoU represents a significant step in the ongoing efforts to deepen financial collaboration between the two brotherly nations, and emphasized that it will pave the way for the exchange of financial expertise, the promotion of knowledge-sharing, and the fostering of closer economic ties.
Echoing these sentiments, Minister Al-Habsi underscored the importance of the MoU as a cornerstone for enhancing bilateral relations. He noted that it will facilitate the exchange of financial information and expertise while strengthening coordination between Saudi Arabia and Oman on regional and international financial issues of mutual interest.
This agreement reaffirms the commitment of both nations to work together in advancing their shared goals in the financial sector, further solidifying the strong bonds between the Kingdom of Saudi Arabia and the Sultanate of Oman.
