Saudi Central Bank seeks public feedback on draft supply chain finance rules
The Saudi Central Bank has released draft supply chain finance regulations for public consultation via the Istithlaa platform.
Key Takeaways
AIThe Saudi Central Bank (SAMA) has announced the release of a draft of supply chain finance regulations for public consultation, inviting feedback from interested parties and specialists through the Istithlaa platform operated by the National Competitiveness Center.
This initiative reflects SAMA’s supervisory and regulatory role over the finance sector, one of its core responsibilities. It also aligns with the bank’s ongoing efforts to develop the financial sector, ensure its stability and sustainability, enhance the efficiency and flexibility of financial transactions in commercial sectors, and encourage innovation in financial services.
The proposed regulations aim to establish standards and procedures governing the practice of supply chain finance and supply chain finance intermediation, supporting the growth of this sector in the Kingdom.
Feedback and comments on the draft regulations will be accepted for 30 days and will be reviewed after the consultation period to finalize the rules. The draft is available for review on the Istithlaa platform of the National Competitiveness Center.
