Article 21: Saudization of Human Resources
Art. 21Status unknownSaudi ArabiaRegulation
Issued by Saudi Central Bank (SAMA) Rulebook
1- At least 50% of all employees of the Debt-Based Crowdfunding Company shall be Saudi nationals, including different departments and administrative levels, when the Company starts its operations. 2- The percentage of Saudization must be increased annually by at least 5% until it reaches 75%. Afterward, SAMA may determine the minimum required annual increase.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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