Riyadh – Mubasher: Saudi companies on Thursday signed 12 agreements on the sidelines of the Financial Sector Conference (FSC) held in Riyadh from 23 to 24 April.

The two-day event saw the launch of forex trading activity by Riyad Capital, FSC posted on Twitter.

Also, Saudi Basic Industries Corp. (SABIC), Bank Albilad, and Saudi Venture Capital Investments Company closed an agreement to support SABIC’s “Nusaned” initiative to support investment in the small and medium-sized enterprises (SMEs) and develop local content.

Saudi British Bank (SABB), the Saudi Real Estate Refinance Company (SRC), and financial technology company Ripple inked an agreement to launch International Remittance service.

Aljazira Capital unveiled a programme for saving investment through the company’s investment funds.

FSC is organised by SAMA, the Capital Market Authority (CMA), and the Ministry of Finance (MoF) with the participation of around 2,000 domestic and international business and finance experts.