Regulatory Alerts2016-02-15
Provide SAMA with Quarterly Risk Reports, Audited Annual Financial Statements and Quarterly Financial Statements of Finance Companies
The Saudi Central Bank (SAMA) mandates that all licensed finance companies submit mandatory regulatory filings on a scheduled basis. These obligations encompass quarterly risk reports detailing exposure and compliance metrics, alongside audited annual financial statements verified by independent auditors. Additionally, companies must provide quarterly financial statements to ensure ongoing transparency and adherence to prudential standards.
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