Regulatory Alerts2022-11-10
Not combining two jobs in more than one exchange center, and emphasizing the requirements of Saudization of jobs
The Saudi Central Bank mandates that exchange centers prohibit their employees from holding two jobs simultaneously across multiple centers and strictly enforce job Saudization requirements. Exchange centers must verify compliance, implement corrective measures within six months of the circular's issuance, and formally notify the Bank. Furthermore, they must adhere to Circular No. 21755/41 by restricting all sector activities exclusively to Saudi nationals and refraining from securing non-Saudi employment permits through other authorities.
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