Alqanoni

Fit and Proper Form

Para. 16.1
Status unknownSaudi ArabiaRegulation

Issued by Saudi Central Bank (SAMA) Rulebook

Are you aware of any circumstances or pending proceedings that may lead to situations that could alter any of your answers to the previous questions, or of anybody's intention to begin such proceedings, whether in the Kingdom or elsewhere? ⬜ ⬜ 2 Competence and Capability 1.2 Has any supervisory authority, professional body, or similar bodies, ever objected or refused to provide non-objection on your appointment to any role or position, whether in the Kingdom or elsewhere? ⬜ ⬜ 2.2 Have you ever been declared incompetent as a director or in any managerial capacity, or disqualified from acting in such capacity, whether in the Kingdom or elsewhere? ⬜ ⬜ 3.2 Have you ever been dismissed, isolated or requested to resign from a role or position of attorney, trustee, whether in the Kingdom or elsewhere? ⬜ ⬜ 4.2 Do you lack any of the educational qualification, experience, relevant skills, and knowledge, required to perform your duties in the Proposed Position? ⬜ ⬜ 5.2 Are there any potential impediments to your commitment, in terms of time and effort, to perform your role in the Proposed Position effectively? ⬜ ⬜ 3 Financial Soundness 1.3 Have you ever been unable to fulfill your financial obligations, including loans or credit facilities, toward banks or financing companies, as and when they fell due, whether in the Kingdom or elsewhere? ⬜ ⬜ 2.3 Have you ever availed any financial relief or preferential terms from your creditors or entered into a compromise or scheme of arrangement with your creditors to settle your debt obligations, whether in the Kingdom or elsewhere? ⬜ ⬜ 3.3 Have you ever failed to settle a debt due and payable under a judgment issued by a court or a competent judicial committee in the Kingdom or elsewhere, or have you ever made any compromise arrangement or settlement with your creditors? ⬜ ⬜ 4.3 Have you ever been the subject of a bankruptcy petition, or adjudicated a bankrupt, or entered into a general settlement with any creditor, or been subject to any other similar process, whether in the Kingdom or elsewhere? ⬜ ⬜ 5.3 Have you ever been a shareholder, board member, or manager of a business that has gone into bankruptcy, liquidation, or placed under trusteeship or administration during the period when you were a shareholder, board member, or manager of the business or within one year thereafter, whether in the Kingdom or elsewhere? ⬜ ⬜ 4. Independence 1.4 Was your designation for the Proposed Position with the Financial Institution based on the direction, instruction, or recommendation of an individual or institution? ⬜ ⬜ 2.4 Will you be acting on the directions or instructions of any individual or institution in carrying out your duties in the Proposed Position? ⬜ ⬜ 3.4 Are any of the shareholders, board members, or managers of the Financial Institution or its subsidiaries considered a Related Party to you? ⬜ ⬜ 4.4 Will you have any other relationship (e.g. shareholding, board membership, management membership, or commercial or financial relationship) with the Financial Institution beyond the Proposed Position? ⬜ ⬜ 5.4 Have you ever supervised or audited the Financial Institution, or provided consultations or other services to the Financial Institution, either in your personal capacity or through an entity in which you are a shareholder, a board member, or a manager? ⬜ ⬜ 6.4 Do any of the companies or establishments in which you are currently a shareholder, board member, or manager conduct any type of business or financial activities Or contractual relationship in any way with the Financial Institution? ⬜ ⬜ 7.4 Are you a shareholder, board member, or manager of an institution in the Kingdom that conducts same activity)ies) as Financial Institution or similar activity(ies)? ⬜ ⬜ 8.4 Do you have a credit relationship with the Financial Institution under your name or one of your Related Party that exceeds the amount stipulated in the Financial Institution Governance Regulations? ⬜ ⬜

The Arabic text is the legally binding version. The English translation is provided for guidance only.

Freshness not yet recorded

Checking your watch…

Related articles

Citing judgments

No judgments citing this article have been indexed yet.

Amendment timeline

No amendment history recorded.