All candidates for senior management positions must meet the professional eligibility and ‘fit and proper’ requirements set by SAMA. In particular, the candidate must:
1.
Be a permanent resident of the Kingdom of Saudi Arabia.
2.
Be professionally qualified, in both applied and theoretical aspects, and must have at least five years of relevant experience.
3.
Not have been dismissed from a previous job as a disciplinary measure.
Not have declared bankruptcy or entered into a general settlement with any creditor.
6.
Not have been previously convicted of a breach of trust offense, unless rehabilitated, or unless 10 years have passed since the completion of the sentence and on the condition of obtaining a no-objection letter from SAMA.
7.
Have the sufficient financial solvency, and shall not have breached any financial obligations towards their creditors nor have given an indication that they are unable to continue to meet their financial obligations towards their creditors.
