Regulatory Alerts2025-02-02
Providing SAMA with Audited Annual Financial Statements, the Quarterly Financial Statements, and the Prudential Data
The Saudi Central Bank (SAMA) issued this circular to mandate licensed digital brokerage companies to submit quarterly and audited annual financial statements, along with prudential data templates, within specified working-day deadlines. The requirements stipulate that quarterly financial statements and audit reports be submitted within 20 working days following March, June, and September, while annual financial statements are due within 45 working days of year-end. Furthermore, quarterly and annual prudential data must be submitted electronically in Excel format with signed certification statements within 25 and 60 working days respectively, effective from the second quarter of 2025.
Share