IFRS 9 Compliance in Saudi Arabia
Localized regulatory updates, provisioning models, and audit-ready disclosures for financial institutions in the Kingdom of Saudi Arabia
Saudi Arabia IFRS 9 Requirements
The Saudi Central Bank (SAMA) mandates IFRS 9 compliance for all licensed banks and financial institutions. As the largest economy in the GCC and MENA region, Saudi Arabia's regulatory framework emphasizes robust ECL methodologies aligned with Vision 2030 financial sector transformation goals.
Saudi Central Bank (SAMA)
Primary regulator for IFRS 9 via comprehensive prudential rules and circulars
Quarterly SAMA Reporting
Detailed ECL disclosures via SAMA's Banking Supervision Department formats
Islamic Banking Leadership
Comprehensive ECL frameworks for full-fledged Islamic banks and Shariah windows
Vision 2030 Alignment
Enhanced risk management supporting economic diversification initiatives
Key Compliance Milestones
Estimator 9 for Saudi Banks
Purpose-built ECL automation tailored to SAMA regulatory requirements and Saudi market dynamics
SAMA Reporting Templates
Pre-configured outputs matching SAMA Banking Supervision Department formats
Islamic Banking Excellence
Comprehensive ECL models for Saudi Arabia's leading Islamic financial institutions
KSA Macro Scenarios
Forward-looking scenarios calibrated to SAR, oil prices, Vision 2030 sectors, and real estate
Trusted by Leading Saudi Banks
FineIT serves multiple commercial banks and Islamic banks in Saudi Arabia with SAMA-compliant IFRS 9 solutions. Our presence in the Kingdom ensures local expertise combined with deep understanding of Vision 2030's financial sector transformation.
Benefits for Saudi Institutions
Proven advantages from our Saudi banking clients
Frequently Asked Questions - Saudi Arabia
Common questions from Saudi financial institutions
Partner with FineIT for IFRS 9 Compliance in Saudi Arabia
Join leading Saudi banks using Estimator 9 for SAMA-compliant ECL automation