The Saudi Central Bank issued the Principles of Obligation for financing and real estate refinancing companies, based on the Financing Companies Control Law, with the aim of enhancing sound practices and a culture of obligation. The principles include defining the responsibilities of the Board of Directors, the Audit Committee, executive management, and the compliance unit, and establish requirements to enable the unit to perform its tasks efficiently. These principles do not affect other releva...
Compliance Principles for Finance Companies and Real Estate Refinance Companies