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Article 7: Management Requirements

Date(g): 1/3/2020 | Date(h): 7/7/1441 Status: In-Force
All candidates for supervisory and executive positions in a finance support company must: 
 
 a)meet the professional legal competence requirements set by SAMA;
 
 b)be permanent residents in Saudi Arabia;
 
 c)be professionally qualified, and have appropriate experience in the same field;
 
 d)not have violated any of the provisions or regulations of the Capital Market Law, the Banking Control Law, the Cooperative Insurance Companies Control Law or Finance Laws; and
 
 e)not have been previously convicted of an offense impinging upon integrity, unless rehabilitated in accordance with the laws or the Implementing Regulations of the Finance Companies Control Law.