It is clear that one of the main pillars of Vision 2030 is to stimulate the role of the private sector in the national economy, diversify sources of income and reduce dependence on oil as the primary source of GDP. Nashar: Samba, like other financial institutions, will have a major role in implementing the kingdom’s Vision 2030 and the associated megaprojects that have been announced. GF: What is Samba’s role in promoting growth of the non-oil private sector under Vision 2030? Our plan is to keep the door open to all possibilities that will help Samba to expand its presence and range of activity. We are increasing our readiness to meet the requirements of the next phase, which includes Samba’s becoming a development partner for the government, supporting its policies and initiatives. Our efforts are therefore now focused on local markets. The kingdom’s Vision 2030 and its national transformation program are providing a firm foundation for robust activity. Nashar: The eyes of local and global business communities are turning increasingly toward the Saudi market in response to its economic transformation. GF: Will Samba expand further into global markets? We have taken all measures to maintain our advanced asset standards, taking into account the potential challenges. Samba has a high-quality and extremely solid asset base. This is a source of satisfaction and motivation for markets and business sectors. Nashar: I prefer to describe it as “in economic transformation” rather than “sluggish.” The size of the recently announced budget is the highest in the history of the kingdom, and it includes an unprecedented move to expand investment in capital projects. GF: Is the current sluggish economy a threat to Samba’s high asset quality? Although the presence of women in higher positions was not the direct result of these changes, the new developments taking place certainly inspire many women to expand their participation and actively pursue their aspirations. Women are moving forward with confidence and taking their rightful place in the workforce and wider community. Rania Nashar: There is no doubt that the developments taking place in the kingdom, specifically in terms of stimulating the role of Saudi women, have removed many barriers-including psychological ones-and are encouraging young women to explore new roles in the economic and commercial landscape. Do you believe that young Saudi women can climb the executive ladder more easily now? Global Finance: You have smashed glass ceilings in Saudi Arabia.
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