The Saudi Central Bank (SAMA) seeks public consultation on the drafts of “Internal Audit Principles" and “Compliance Principles" for Finance Companies. In this context, SAMA invites stakeholders and the public for their suggestions and observations on the drafts by visiting the Public Consultation Platform “Istitlaa."

These principles, developed in line with the best international practices in the relevant field, provide a comprehensive regulatory framework to define the roles of the company's main functions, as well as clarify the responsibilities of the board of directors and executive management.

Suggestions and observations on the draft will be received within (30) 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).