Article 29

The Licensee must have sufficient and eligible staff that have the appropriate knowledge and experience in order to fulfill the operational needs of the Licensee. The remuneration and incentives of staff must be fair and aligned with the Licensee’s risk management strategy, taking into account the principles of sound governance, non-conflict of interests and the principles of customer protection; and the Licensee must comply with laws, regulations and decisions applicable in the Kingdom in relation to non-Saudi employee percentage.