Key Principles of Governance in Financial Institutions
| No: 42081293 | Date(g): 30/6/2021 | Date(h): 21/11/1442 |
In accordance with chapter 1.3 of the "Key Principles of Governance in Financial Institutions", issued by SAMA circular No (42081293) dated 30/06/2021, these principles shall apply on a mandatory basis for finance companies and real estate refinancing companies.
and subject to the mandatory provisions stipulated in relevant laws and regulations, these principles shall apply as guiding rules to, consumer microfinance companies, finance support companies, financial lease contract registration companies, and debt-based crowdfunding companies. The Central Bank may, at any time, enforce all or some of the provisions of these principles on a mandatory basis.
To read the Key Principles of Governance in Financial Institutions, click here.