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Article 69

No: 2/MFC Date(g): 24/2/2013 | Date(h): 14/4/1434

Effective from Feb 24 2013 - Mar 07 2013
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The Finance Company must obtain a non-objecting letter from SAMA before appointing persons in the following functions and tasks:

  a.Membership of the Board and its committees.
  b.Managing director, chief executive officer, general manager, their designees, financial manager and directors of the key departments, or their designees.
  c.Managers of control functions, such as internal audit, risk management and compliance, or their designees.