Licensees will be required to provide data and submit reports periodically as mandated by SAMA.
(2)
A Licensee is obliged to submit to SAMA quarterly financial reports (to be reviewed by an external auditor), which include any information that SAMA deems necessary.
(3)
A Licensee is obliged to submit to SAMA annual financial statements (reviewed and audited by an external auditor) in a way determined by SAMA.
(4)
SAMA may amend and supplement the list and contents of the reports required to be submitted by a Licensee. SAMA may require that a Licensee hires an external auditor to review specific areas of its operations and report directly to SAMA in the manner specified by SAMA.
