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Survey proposes 35 projects
The electronic platform "Survey", affiliated with the Saudi Center for Competitiveness and Business, has presented 35 economic and developmental projects in collaboration with 24 government entities, aiming to gather the viewpoints of stakeholders before approval. Among these projects is the "Rules for Risk-Based Capital" initiative, which seeks to establish a regulatory framework for insurance companies to enhance their risk management capabilities and maintain financial solvency. Another project is the "Amendment of the Cooperative Insurance Companies Bylaw," designed to enable the implementation of a risk-based capital model. Additionally, there was approval for the project to amend the regulatory rules for family funds to promote growth in the non-profit sector and expand its scope. The deadline for survey submissions is set for October 10, 2026. These initiatives are part of efforts to enhance transparency and involve the private sector and government agencies in shaping the business environment.
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