Regulatory Alerts2017-05-31
Micro, Small and Medium Enterprises KPI Return
The Saudi Arabian Monetary Authority (SAMA) has issued a circular establishing Key Performance Indicators and modifying prudential data requirements for Micro, Small, and Medium Enterprises (MSMEs). Banks operating in Saudi Arabia must now report quarterly financial and non-financial KPIs alongside a new Q18 prudential return covering Micro, Small, and Medium enterprises, with all requirements taking effect on January 1, 2018. The updated framework expands classification criteria to include micro-enterprises, clarifies data validation and reporting methodologies through detailed guidance notes, and mandates submission within 30 days of each quarter-end.
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