Broader reach across government
The law applies to all entities financed by the Saudi budget, as well as those that receive support, grants or subsidies from the government. It also covers organizations that carry out procurement or project work on behalf of government bodies.
This wider scope brings more activities under a unified supervisory structure, covering both direct expenditure and external operations linked to public funds.
Multiple layers of surveillance
The framework introduces a mix of control approaches tailored to different types of entities and operations. These include direct control mechanisms, internal self-audit processes, digital monitoring tools and report-based reviews.
The approach is designed to match the intensity of supervision to the scale and nature of each entity’s activities, while conforming to international practices in financial supervision.
Nivetha Dayanand is Assistant Business Editor at Gulf News, where she spends her days unpacking money, markets, aviation and the big changes shaping life in the Gulf. Before returning to Gulf News, she launched Finance Middle East, complete with a podcast and video series. Her reporting has taken her from breaking news to feature-length shows and high-profile interviews. Nivetha has interviewed Prince Khaled bin Alwaleed Al Saud, Indian ministers Hardeep Singh Puri and N. Chandrababu Naidu, the IMF’s Jihad Azour, and a long list of CEOs, regulators and founders who are reshaping the region’s economy. An Erasmus Mundus journalism alum, Nivetha has shared classrooms and newsrooms with journalists from more than 40 countries, which perhaps explains her weakness for data, context and a good follow-up question. When she’s away from her keyboard (AFK), you’ll most likely find her at the gym with an Eminem playlist, enjoying One Piece, or exploring games on her PS5.
