Under the patronage of his excellency the Governor of Digital Government Authority, Eng. Ahmed bin
Mohammed Alsuwaiyan, the cutting-edge cybersecurity company sirar by stc signed an agreement with
Fintech Saudi, in the presence of the Undersecretary of the Ministry of Communications and
Information Technology for the Technology sector Mr. Ibrahim Al-Nasser; the Deputy Governor of the
Communications and Information Technology Commission for the Information and Emerging
Technologies’ sector Mr. Raed Al-Fayez; Deputy Governor For Development and Technology at Saudi
Central Bank, Mr. Ziad Al-Yousef; and the Deputy Strategy & International Affairs at Capital Market
Authority, Mr. Yazeed AlDemaigi.
The agreement solidifies the integration between the Digital Government Authority and the Saudi
Central Bank, to support SMEs, fintech companies and entrepreneurs to boost innovation and diversity
of products and services through digital platforms, and increase the contribution of the digital
government services to the national economy, in line with the goals of Saudi Vision 2030.
The agreement was signed by the CEO of the cutting-edge cybersecurity company sirar by stc, Eng.
Fahad Al-Jutaily, and the designated General Manager of the Fintech Saudi initiative, Mr. Nezar Al�Haidar.
Under the agreement, sirar by stc will offer a digital signature service package discounted by 60% that
will benefit SMEs, fintech companies and entrepreneurs.
This step comes in line with the efforts deployed by the Authority and all stakeholders and aims to
improve the regulatory environment for digital services, facilitate business, and strengthen strategic
partnerships between government agencies and the private sector, in order to develop the digital
ecosystem.
The Deputy Governor for Regulation and Digital Trust in the Digital Government Authority, Eng. Faris Al�Rabadi explained that this agreement aims to promote digital trust services, which contributes to
improving the user’s experience, ensure that electronic transactions are conducted with high reliability
and promote digital transformation in the Kingdom.
The Deputy Governor of the Saudi Central Bank for Development and Technology, Mr. Ziad Al-Yousef,
stated that this agreement will contribute to the development of the fintech sector in the Kingdom,
facilitate business in the financial sectors, enhance cooperation and coordination, and keep pace with
global developments to achieve the aspirations of Saudi Vision 2030.
The designated General Manager of the Fintech Saudi initiative, Mr. Nezar Al-Haidar expressed his
happiness towards signing this agreement noting that it will support the empowerment of fintech
companies by reducing their operating costs.
The CEO of sirar by stc confirmed that this agreement comes within the framework of the company’s
efforts to support and enable the fintech sector in the KSA, which serves the purpose and plans of digital
transformation in the Kingdom.
It is noteworthy that the digital signature service allows users to digitally sign documents from anywhere
at any time, while ensuring reliability, authentication and security.
