Participation in Qawaem Program Prepared by the Ministry of Commerce
| No: 371000002391 | Date(g): 19/10/2015 | Date(h): 7/1/1437 |
Translated Document
Referring to the "Qawaem" program established by the Ministry of Commerce and Industry in collaboration with the Saudi Organization for Certified Public Accountants, which aims to provide a range of services related to financial statements and establishment information, which aims to improve and increase work efficiency and benefit from the deposited financial statements to provide outstanding information and services to beneficiaries, stakeholders, and parties involved, by raising the level of transparency and accuracy of financial information for establishments.
Given the higher credibility and confidence achieved by this program in the financial statements, SAMA urges all banks operating in the Kingdom to benefit from this program, subscribe to it, and rely solely on the reliable financial statements available in this program, starting from the financial statements for the year 2014.