Finance Companies Control law
Art. 19Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
An audit committee shall be formed in each finance company from non-executive board members.
Committee duties, selection of its members, term of membership and work procedures shall be
determined pursuant to a resolution by the general assembly of the finance company upon a proposal
by the board of directors.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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