| Release Date: | 2022-04-01 |
|---|---|
| Release Tool: | Councils and commissions decisions |
| Validity: | Valid |
| Summary: | By AI The Saudi Central Bank issued new rules for bank investments in April 2023, aimed at establishing a comprehensive framework for managing investments and risks and ensuring that activities align with effective governance practices. The rules apply to licensed banks and include definitions for domestic and international investments, impose sound management of capital and liquidity, and require periodic review of the investment portfolio. Banks must document the reasons for their investment decisio... |