The Saudi Central Bank SAMA has announced the issuance of “Compliance Principles” and “Internal Audit Principles” for finance companies and real estate refinance companies, based on its supervisory and regulatory role on the finance sector and its continuous efforts to develop the sector.

These principles come to establish a comprehensive regulatory framework, which contributes to defining the tasks of the main units in finance companies and real estate refinance companies. These principles are designed to establish a comprehensive organizational framework that contributes to defining the tasks of the main units in finance companies and real estate refinance companies, and clarifying the roles of the board of directors and executive management towards the compliance unit and the internal audit department; in accordance with the best standards in this regard, taking into account the size of the company and the nature of its business.

It is noteworthy that the Bank is referred to as the Bank's supervisory and supervisory role in the finance sector. <It is noteworthy that the Saudi Central Bank has previously launched the draft principles of compliance and internal audit principles for finance companies and mortgage refinancing companies in order to solicit feedback from the public and specialists on them; the feedback was studied before adopting the final version of these two projects. These principles can be viewed by visiting the website.