Article 7: Senior Management Requirements

All candidates for supervisory and executive positions in a Debt-Based Crowdfunding Company must: a. Meet the professional eligibility requirements set by SAMA. b. Be permanent residents of the Kingdom of Saudi Arabia. c. Be professionally qualified and have sufficient experience in the field. d. Have not violated any of the provisions of the Banking Control Law , the Cooperative Insurance Companies Control Law, finance laws, or the Capital Market Law and its Regulations. e. Have not been previously convicted of an offense impinging upon integrity, unless rehabilitated in accordance with applicable laws. f. Have the sufficient solvency, and have not breached any financial obligations towards their creditors nor have given an indication that they cannot continue to meet their financial obligations towards their creditors.