Article 7: Management Requirements
Effective from Jan 01 2024 - Feb 29 2020
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| 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. | |