Kingdom of Saudi Arabia – Saudi Central Bank (SAMA)

Kingdom of Saudi Arabia – Saudi Arabian Monetary Authority – Key Principles of Governance in Financial Institutions under the Control and Supervision of the Saudi Central Bank – 3rd Edition June 2021. Effective 1st January 2022. Covering:

Chapter I:

Definitions and General Provisions

Chapter II: – Key Principles of Governance

1st Principle: Qualifications of Board Members

2nd Principle: Formation, Appointment and Board Affairs

3rd Principle: Responsibilities of the Board

4th Principle: Responsibilities of Executive Management

5th Principle: Committees formed by the Board

6th Principle: Rights of Shareholders

7th Principle: Disclosure and Transparency

Appendix: Governance Controls of The Money Exchange Sector