Definition of Small and Medium Enterprises

In the Name of Allah, the Most Gracious, the Most Merciful Saudi Central Bank Headquarters

Banking Policy Department
Reference No.:
Attachments: None

Circular

Your Excellency,
Greetings,
Subject: Definition of Small and Medium Enterprises.

I refer to the powers granted to the Saudi Central Bank under related systems, regulations, and circulars. And in reference to the General Authority for Small and Medium Enterprises (GASME) Board of Directors Decision No. (2-1438) dated 14/3/1438H regarding the approval of the definition of small and medium enterprises operating in the Kingdom, it has been decided as follows:

First: The definition of small and medium enterprises is as follows:

Enterprise Type	Revenues (SAR million)	Number of Employees (Full-time)*
Micro	0 to 3	1 to 5
Small	> 3 to 40	6 to 49
Medium	> 40 to 200	50 to 249
Large	Exceeds any of the above criteria

• The revenue criterion is adopted in classifying the enterprise type. In the absence of revenue data (new enterprise), the full-time employee count criterion is used for classification.

Second: It shall be effective from the date hereof.
Yours sincerely,

Signature/Stamp
Ahmed bin Abdullah Al-Sheikh
Deputy Governor for Supervision

Distribution Scope:

• Banks and financing companies operating in the Kingdom
• Financing companies operating in the Kingdom
• Saudi Credit Information Company (SIMAH)
• Bayan Credit Information Company (Bayan)
• Supervision Department administrations

P.O. Box 2992, Riyadh 11169, Telegram: MARKAZI, Telex: 404400, Tel: 463200, Fax: 4672414 Yasser Al-Omeir

Reference No.: 38100064902
Date: 1438/06/16
Attachments: