Regulatory Alerts2017-12-28
The Saudization Ratio Calculation Mechanism in Prudential Data
The Saudi Central Bank requires all licensed banks and financing companies to calculate and disclose the Saudization ratio in their prudential data submissions, counting all Saudi nationals alongside ministry-designated equivalent categories. Financial institutions must verify compliance with Ministry of Human Resources and Social Development guidelines, reflect these calculations in the designated reporting template, and promptly notify the Bank of any updates. This mandatory disclosure mechanism takes effect starting in the first quarter of 2018 to ensure consistent regulatory reporting.
Share