Regulatory Alerts2025-12-29
Circular on Compliance with the Key Principles of Governance in Financial Institutions Subject to SAMA's Supervision
The Saudi Central Bank (SAMA) mandates that all financing and payment service companies operating in the Kingdom comply with its Key Principles of Governance. These entities must submit a current-state assessment and an approved implementation roadmap via email within 30 days of the circular's issuance, followed by full compliance within one year or upon the expiration of their current board term, whichever occurs first. SAMA retains the authority to extend the compliance deadline upon demonstration of justified grounds.
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