Regulatory Alerts2017-10-12
Micro, Small and Medium Enterprises (MSMEs) Disclosures in the Annual Report
The Saudi Arabian Monetary Authority (SAMA) mandates that banks operating in the Kingdom incorporate quantitative and qualitative MSME disclosures into their annual board reports effective from 2017. The directive requires reporting approved MSME definitions, staff and customer training initiatives, and detailed loan metrics across micro, small, and medium categories for both current and previous financial years. Banks must utilize the prescribed reporting tables and FAQs, clearly noting any transitional adjustments when applying the updated definitions to historical data.
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