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Article 29

No: 000044093096 Date(g): 13/6/2023 | Date(h): 24/11/1444 Status: In-Force

Effective from Jun 13 2023 - Jun 12 2023
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The Licensee must have sufficient and eligible staff that have the appropriate knowledge and experience in order to fulfill the operational needs of the Licensee. The remuneration and incentives of staff must be fair and aligned with the Licensee’s risk management strategy, taking into account the principles of 
sound governance, non-conflict of interests and the principles of customer protection; and the Licensee must comply with laws, regulations and decisions applicable in the Kingdom in relation to non-Saudi employee percentage.