Based on Article Seventy-one of the implementing regulations for the finance companies control law, which states that "the Finance Company must apply international accounting standards in the preparation of their accounts and financial statements".

Finance companies must apply international accounting standards as follows:

First: Finance companies that applied for a license as a joint stock company must start adopting international accounting standards beginning from the first quarter of 2015. These companies must submit their annual financial statements to SAMA according to international standards starting from the first quarter of 2015, as stipulated in Article Seventy-two of the implementing regulations of the finance companies control law.

Second: Finance companies that applied for a license as limited liability company must start adopting international accounting standards as of the date of the issuance of the decision of His Excellency the Minister of Commerce and Industry announcing the transformation of the company from a limited liability company to a joint stock company, provided that these companies provide SAMA with their quarterly financial statements prepared in accordance with international accounting standards starting from the first quarter of their first fiscal year as a joint company or the first quarter of 2015, whichever is later, and in accordance with what is stipulated in Article Seventy-two of the implementing regulations of the finance companies control law.

Additional provisions under circular number 381000074519 dated 14/07/1438 H.