SAMA said it will take the appropriate regulatory actions for Samba Financial Group and investigate the causes of the technical issue.

The Saudi Arabian Monetary Agency (SAMA) said it was closely monitoring technical issues that recently impacted Samba Financial Group systems, which resulted in a failure to provide regular banking services.

News Agency obtained a copy of the statement released by SAMA, revealing that there was no electronic hack to the Saudi bank’s systems and that the defect was limited to its technical systems and had nothing to do with any other bank in Saudi Arabia.

The statement added that the corporation advised Samba to take all the necessary measures to address this issue and resume banking services to customers.

SAMA said it will take the appropriate regulatory actions for Samba Financial Group and investigate the causes of the technical issue.