SAMA Enhances Oversight of Saudi Financial Institutions

One month after the Saudi Central Bank "SAMA" organized investment tours for non-bank financial institutions, a regulatory framework has been introduced requiring these institutions to provide prior notice before initiating any tour. The goal is to enhance preventive oversight of the financial sector, monitor changes in ownership structures, and improve governance and transparency. The regulation aims to reduce risks associated with ownership transfers and ensure that new investors meet regulatory requirements, while standardizing procedures for these tours to promote market stability and attractiveness for both local and international investors. It is expected that this regulation will improve the quality of investment operations and increase confidence in the Saudi market, with a projected decrease in complaints related to investment offers by up to 50% during the first two years.

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