106 Days
Source:
الاقتصادية
Saudi financial firms' ownership oversight
The article focused on the Saudi Central Bank "SAMA" regulation for investment rounds conducted by non-banking financial institutions, which was launched one month after its implementation. The regulation aims to enhance proactive oversight of the financial sector by requiring regulatory authorities to be notified before any investment round begins and to receive detailed information about it. This is to ensure market stability and improve the quality of operations, while also minimizing risks associated with changes in investor ownership. Additionally, the regulation seeks to standardize procedures, promote governance, and foster trust among both local and international investors. It also introduces new requirements, including the submission of clear data about the investment rounds and the funding tools used, in order to strengthen transparency and governance within Saudi Arabia’s non-banking financial sector.
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