SAMA Receives International Accreditation for Procurement Operations
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The Saudi Central Bank (SAMA) has received the International Accreditation Certificate for Procurement Operations by the Chartered Institute of Procurement and Supply (CIPS). This recognition reflects SAMA's alignment with international standards and best practices for operational sustainability, ensuring efficiency, governance and quality of procurement activities.
SAMA earned this accreditation following a comprehensive assessment in which SAMA met (98) requirements across seven areas, namely, developing and implementing strategies; promoting human capabilities; leadership, organization and performance measurement; operational governance, automation and efficiency; contracts and risk management; compliance with ethical standards; and commitment to sustainability in procurement operations and supply chains.
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