The Saudi Central Bank (SAMA) seeks public consultation on the draft Rules for the Valuation of Systemically Important Financial Institutions. In this context, SAMA invites stakeholders and the public for their suggestions and observations on the draft by visiting the Public Consultation Platform “Istitlaa."

The Rules, developed in collaboration with the Saudi Authority of Accredited Valuers (Taqeem), provide a framework that will govern the valuations process for the implementation of resolution plans on financial institutions designated by SAMA as Systemically Important, in accordance with the Law of Systemically Important Financial Institutions, issued by Royal Decree No. (M/38) dated on 2020/12/10. The draft rules have been developed in accordance with the regulatory framework in the Kingdom and relevant international standards and practices.

The Rules aim to provide protection to the Saudi financial system and the national economy from any adverse effects on the stability of the financial sector.

Suggestions and observations on the draft will be received within (15) days from this announcement for assessing their relevance in finalizing the draft, which is available on the Public Consultation Platform with the National Competitiveness Center (link).​