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CapMat Approves Kriston NBP Registration
The Saudi Capital Market Authority has approved the registration of Kriston NBP for Professional Consultancy to conduct audits of financial statements for entities under the Authority’s supervision, including listed companies and Real Estate Investment Trusts (REITs). This decision aims to enhance transparency and trust in the financial market. Consequently, the number of registered auditing firms has increased to 17 offices, employing 58 licensed auditors. The company is required to meet additional regulatory standards to ensure audit quality and protect investors’ interests. This move is part of the Authority’s ongoing efforts to develop the regulatory environment and align with international best practices.
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