Key Principles of Governance in Financial Institutions
In accordance with chapter 1.3 of the "Key Principles of Governance in Financial Institutions", issued by SAMA circular No (42081293) dated 30/06/2021, and subject to the mandatory provisions stipulated in relevant laws and regulations, the Key Principles of Governance in Financial Institutions shall apply as guiding rules to payments companies. The Central Bank may, at any time, enforce all or some of the provisions of these principles on a mandatory basis.
To read the Key Principles of Governance in Financial Institutions, click here.