SADAD Payment System (SADAD) witnessed the joining of (4) new governmental entities this year, which increased the total number of entities connected to the system to (128) entities. The total payments made through SADAD during this year reached SR 83 (US $22.1) billions, an increase of (41) percent compared to last year, bringing the total payments made through the system since its inception and until (27/1/1435H) to around SR 224 (US $59.7) billions. -International Monetary Fund (IMF) Report in 2013 acknowledged that Saudi Arabia has been one of the best performing G-20 economies in recent years, and has supported the global economy through its stabilizing role in the global oil market. -Standard & Poor's (S&P) confirmed Saudi Arabia's sovereign rating at (AA-) and has raised its credit rating outlook to "positive" from "stable". -The successful completion of the largest ever government guaranteed sukuk in Saudi Arabia for the General Authority of Civil Aviation (GACA) totaling SR15.2 (US $4.05) billions. -New entities, laws, procedures and organizational reforms have been approved during FY 2013, including: the transformation of the Presidency of the National Guard to the Ministry of National Guard, the new judicial systems, the establishment of a national center for health information systems, the organization of the Public Transport Authority, rules for the protection from abuse, the regulation of social care homes, the municipal solid waste management system, the organization of the General Organization for Military Industries, the establishment of a national center for disease prevention and control within the organizational structure of the Ministry of Health, the establishment of a new Public Education Assessing Authority, import licenses guide, the system of measurement and calibration, statute for the Centre for Cooperation Council for the Arab States of the Gulf (GCC) for emergency cases management, the common GCC system of anti dumping and countervailing and preventive measures, the developer general framework of the population strategy for GCC and apply it as an indicative base and the common GCC system for controlling crimes of Information technology. -Recently, SAMA issued the first license for real estate finance and financial leasing activities to one of the Saudi Banks, and SAMA is now processing more than (15) requests that have fulfilled the regulatory requirements for licensing.
