Saudi Arabia Approves Riyal Symbol
The Saudi Arabia riyal now has a symbol like the $ and €
Saudi Arabia has officially approved a symbol to represent the riyal currency unit.
Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud has approved the Saudi riyal symbol in a historic move that will reinforce the Saudi currency's identity, said the Saudi Central Bank (SAMA).
SAMA Governor Ayman Al Sayari extended his profound appreciation to King Salman and Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, for launching the Saudi riyal symbol.
Al Sayari noted that this decision reinforces Saudi Arabia's financial identity locally, regionally, and internationally. He indicated that the implementation of the new symbol will be gradual for financial and commercial transactions, with coordination across all relevant entities.
Al Sayari said this initiative aims to promote national identity and cultural belonging, highlight the role of the national currency, and showcase the Kingdom among major global economies and G20 members.
The initiative also signifies the increasingly important role of the national currency in the global financial ecosystem.
The governor acknowledged the collaborative efforts that have facilitated this achievement, extending his appreciation to all contributing entities involved in the symbol's development project led by SAMA, including the Ministry of Culture, the Ministry of Media, and the Saudi Standards, Metrology and Quality Organisation.
The Saudi riyal symbol, developed to the highest technical standards, embodies the Kingdom's rich cultural heritage, carrying the name of the national currency 'Riyal' in a design derived from Arabic calligraphy.
SAMA said: 'The symbol will streamline the representation of the Saudi riyal in local, regional, and international contexts, making it suitable for use in referring to the Saudi riyal in all financial and commercial transactions'.
As the Kingdom of Saudi Arabia advances its Vision 2030 agenda, the launch of the symbol solidifies the importance of the Kingdom's financial system and its increasing role regionally and internationally.
Also read: Saudi Arabia: Al-Khateeb: Al-Ahsa Records 500% Tourism Growth With 3.2 Million Tourists In 5 Years
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Tribune
3 hours ago
- Daily Tribune
Female Leader Oversees Bahrain
TDT | Manama Bahrain's role in the region's fast-expanding AI and automation landscape has received a boost with the appointment of Sara Al-Alsheikh as UiPath's Regional Vice President and Managing Director for Bahrain, Kuwait, and Saudi Arabia. She becomes the first woman to hold this position at the global automation company, which is known for helping businesses and governments deploy software robots and AI agents to streamline complex processes. Regional push includes Bahrain The move comes as UiPath intensifies its presence across the Gulf, responding to growing demand for AI-powered tools that reduce manual workloads, improve efficiency, and accelerate digital transformation. Bahrain is expected to play a more active role in this expansion, particularly in sectors such as banking, public services, and energy, where automation is increasingly reshaping internal operations. Al-Alsheikh, who is based in Riyadh, will lead client engagement and growth strategy across Bahrain, Kuwait, and Saudi Arabia. She brings over a decade of experience from major global firms including HP, IBM, and SAP, and has worked with Gulfbased clients on large-scale technology deployments. Her appointment marks a milestone not just for UiPath but for the region's tech leadership landscape. As part of her mandate, Al-Alsheikh will guide the rollout of UiPath's agentic automation platform, which combines AI and human collaboration to automate everything from finance workflows to citizen services. 'My mission is to help our clients reimagine how work gets done faster, smarter, and more autonomously,' she said, describing the company's software as a core driver of innovation across public and private sectors. Focus on Bahrain's opportunity With Bahrain included in her portfolio, attention now turns to how local institutions will respond to this regional push. While UiPath has a relatively low profile in Bahrain compared to Saudi Arabia, its software is already in use globally by governments and Fortune 500 firms to automate operations and reduce administrative bottlenecks. Al-Alsheikh's appointment is expected to support local adoption, particularly if awareness-building and training are embedded in the expansion strategy. Her leadership reflects broader Vision 2030 goals shared across the Gulf, which emphasise both digital transformation and gender inclusion.
Daily Tribune
17 hours ago
- Daily Tribune
Ambassador hails Saudi efforts in serving pilgrims
His Excellency Shaikh Ali bin Abdulrahman bin Ali Al Khalifa, Ambassador of the Kingdom of Bahrain to the Kingdom of Saudi Arabia, participated in the annual reception held on behalf of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud. The reception was hosted by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia. The event was held in honour of heads of state, senior Islamic figures, guests of the Custodian of the Two Holy Mosques, representatives of government entities, heads of Hajj delegations, and officials from the offices of Hajj affairs of the countries whose pilgrims performed Hajj this year. The Ambassador commended the efforts of the leadership, government and people of Saudi Arabia in serving pilgrims and facilitating the performance of Hajj and Umrah. He emphasised that these efforts are widely recognised and appreciated across the Islamic world. He highlighted the commitment of King Salman bin Abdulaziz Al Saud and His Royal Highness the Crown Prince to ensuring the safety, security and comfort of pilgrims, which enabled them to perform their rituals in a secure and reassuring environment. The Ambassador further commended the efforts of Bahrain's Supreme Committee for Hajj and Umrah Affairs.
Daily Tribune
a day ago
- Daily Tribune
Successful Hajj Season Concludes; Preparations for Next Year Already Underway
His Royal Highness Prince Saud bin Mishal, Deputy Governor of the Makkah Region and Vice Chairman of the Standing Committee for Hajj and Umrah, announced the official success of this year's Hajj season. With the echoes of pilgrims' prayers still in the air, Prince Saud affirmed that preparations for the next Hajj season are already in motion. 'The operational plan greatly facilitated the pilgrims' performance of their rituals,' he stated. Acknowledging the vital role of the pilgrims themselves, he praised their adherence to guidelines, describing them as "partners in the success of this Hajj." He emphasized that the seamless execution of the plan was pivotal in enhancing the pilgrims' experience. Prince Saud extended heartfelt gratitude to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, and Crown Prince Mohammed bin Salman for their unwavering leadership and support in implementing strategic operational plans that aligned perfectly with the spiritual journey of the pilgrims. In closing, he reiterated, 'We reaffirm that the Kingdom—its leadership, government, and people—remain united in serving this sacred duty.' He also expressed deep appreciation to the security forces, healthcare personnel, service providers, and the army of male and female volunteers whose dedication brought this year's Hajj to life. Meanwhile, on the second day of Tashreeq, early-departing pilgrims began performing the symbolic stoning of the three Jamarat, starting with the smallest and progressing to the largest at Jamarat al-Aqaba. Afterwards, they made their way to the Holy Kaaba to perform the Farewell Tawaf, marking the end of their sacred journey. The Hajj may be complete for this year, but the Kingdom is already looking ahead, with renewed determination to elevate the pilgrim experience year after year.
