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Earlier Report on Saudi Arabia's Measures to Combat Money
MIDDLE EAST & NORTH AFRICA FINANCIAL ACTION TASK FORCE FINANCIAL ACTION TASK FORCE Mutual Evaluation Report Anti-Money Laundering and Combating the Financing of Terrorism Kingdom of Saudi Arabia 25 June 2010 The Kingdom of Saudi Arabia is a member of the Middle East & North Africa Financial Action Task Force (MENAFATF). It is also a member of the Gulf Co-operation Council, which is a member of the Financial Action Task Force (FATF). The Mutual Evaluation of the Kingdom of Saudi Arabia was conducted as a joint exercise between the MENAFATF and the FATF. The Mutual Evaluation Report was considered and adopted by the MENAFATF at its plenary meeting in Yasmine Hammamet, Tunisia on 4 May 2010, and then by the FATF at its plenary in Amsterdam on 25 June 2010, which introduced limited changes to it. © 2010 FATF/OECD. All rights reserved. No reproduction or translation of this publication may be made without prior written permission. Requests for permission to further disseminate, reproduce or translate all or part of this publication should be made to the FATF Secretariat, 2 rue André Pascal 75775 Paris Cedex 16, France (fax +33 1 44 30 61 37 or e-mail: [email protected]) Mutual Evaluation Report of the Kingdom of Saudi Arabia TABLE OF CONTENTS PREFACE INFORMATION AND METHODOLOGY USED FOR THE EVALUATION OF THE KINGDOM OF SAUDI ARABIA .................................................................................................................. 5 EXECUTIVE SUMMARY ............................................................................................................................ -
Saudi Arabia Peer Review Report
Peer Review of Saudi Arabia Review Report 5 November 2015 Peer Review of Saudi Arabia Review Report Table of Contents Foreword .................................................................................................................................... 3 Abbreviations ............................................................................................................................. 4 Executive summary .................................................................................................................... 5 1. Introduction ..................................................................................................................... 12 2. Macroprudential policy framework ................................................................................ 12 3. Bank resolution ............................................................................................................... 25 4. Deposit insurance ............................................................................................................ 33 Annex 1: Structure of the financial system and recent developments ..................................... 40 Annex 2: Follow-up of other key FSAP recommendations ..................................................... 45 2 Foreword Financial Stability Board (FSB) member jurisdictions have committed, under the FSB Charter and in the FSB Framework for Strengthening Adherence to International Standards1, to undergo periodic peer reviews. To fulfil this responsibility, the FSB has established a regular -
Energy to the World: the Story of Saudi Aramco Volume 2
ENERGY TO THE WORLD: TO ENERGY ENERGY TO THE WORLD: THE STORY OF SAUDI ARAMCO OF SAUDI THE STORY THE STORY OF SAUDI ARAMCO VOLUME 2 VOLUME 2 VOLUME www.saudiaramco.com J ENERGY TO THE WORLD : VOLUME ONE TITLE K VOLUME TWO Energy to the World The Story of Saudi Aramco II ENERGY TO THE WORLD : VOLUME ONE VOLUME TWO Energy to the World The Story of Saudi Aramco Supertankers load crude oil at Ras Tanura Sea Island Terminal in 2003. Contents Copyright First Edition Volume One Volume Two © 2011 by Aramco Services Company Printed in 2011 Preface xi Illustration: Saudi Arabia viii ISBN All rights reserved. No part of this book Illustration: Saudi Arabia xiv 1 National Resources 1 978-1-882771-23-0 may be reproduced, stored in a retrieval system or transmitted in any form or 1 Prospects 1 2 Boom Time 27 Library of Congress by any means, electronic, mechanical, 2 Negotiations 33 3 Transformation 67 Control Number photocopying, recording or otherwise, 200922694 without the written permission of 3 Reading the Rocks 59 4 Rising to the Challenge 99 Aramco Services Company, except by 4 The War Years 93 5 Achieving the Vision 131 Written by a reviewer, who may quote a brief Scott McMurray passage for review. 5 Expansion 123 Appendix 168 6 Growing Pains 153 A. Upstream 170 Produced by The History Factory 7 Balancing Act 189 B. Downstream 184 Chantilly, Virginia, USA List of Abbreviations 215 C. Operations Data 194 Project Coordinators Notes on Sources 216 Company Leadership 204 Theodore J. Brockish, Kyle L. -
You Must Read the Following Notice Before Continuing
IMPORTANT NOTICE NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR TO ANY PERSON OR ADDRESS IN THE UNITED STATES IMPORTANT: You must read the following notice before continuing. The following notice applies to the attached prospectus following this page (the Prospectus), whether received by email, accessed from an internet page or otherwise received as a result of electronic communication, and you are therefore advised to read this notice carefully before reading, accessing or making any other use of the Prospectus. In reading, accessing or making any other use of the Prospectus, you agree to be bound by the following terms and conditions and each of the restrictions set out in the Prospectus, including any modifications made to them from time to time, each time you receive any information from Saudi Electricity Global SUKUK Company 5 (the Issuer) or Saudi Electricity Company (SEC) as a result of such access. RESTRICTIONS: NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THE CERTIFICATES IN ANY JURISDICTION. ANY CERTIFICATE TO BE ISSUED HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE SECURITIES ACT), OR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OF THE UNITED STATES OR OTHER JURISDICTION. THE CERTIFICATES MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED DIRECTLY OR INDIRECTLY WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT), EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE OR LOCAL SECURITIES LAWS. -
1 Overview of Saudi–Iranian Relations 1
Notes 1 Overview of Saudi–Iranian Relations 1. Saudi Arabia and Iran share at least three joint oilfields, each known by its Persian or Arabic name, respectively: Esfandiar/Al Louloua, Foroozan/Marjan, and Farzad/Hasbah. Arash/Al Dorrah is shared between Iran, Kuwait, and Saudi Arabia. The three states have yet to reach an agreement over the demarca- tion of the maritime boundary in the northern Persian Gulf that affects the field. Iran’s share of the Esfandiar and Foroozan fields has dropped to levels that make their further development uneconomic, in part due to Saudi ability to extract faster from the fields. Saudi Arabia and Iran signed an agreement to develop the Farzad/Hasbah A gas field in January 2012, and were scheduled to sign a second agreement to develop the Farzad B gas field and Arash/Al Dorrah oilfield, pend- ing the removal of international sanctions against Iran. In 2014, they contested their respective shares in the Arash/Al Dorrah. 2 . British administration in the Persian Gulf began in 1622, when the British fleet helped the Persian Safavid king, Shah Abbas, expel the Portuguese from Hormuz island. The period of the British Residency of the Persian Gulf as an official colonial subdivision extended from 1763 to 1971. 3 . Interview with Abdulaziz Sager, chairman of Gulf Research Center, Riyadh, November 30, 2011. 4 . Alinaqi Alikhani, yad dasht ha-yi asaddollah alam , jeld shesh, 1355–1356 [The Diaries of Alam], vol. 6, 1975–1976 (tehran: entesharat maziar va moin, 1377), pp. 324–325; 464. When the shah insists that the United States should under- stand that it cannot make Iran “a slave [puppet] government,” Alam informs him that the Americans have tried to make contact with different groups in Iranian society—alluding to dissidents. -
Saudi Arabian Monetary Agency
Kingdom of Saudi Arabia Saudi Arabian Monetary Agency Forty Sixth Annual Report The Latest Economic Developments 1431H (2010G) Research and Statistics Department SAUDI ARABIAN MONETARY AGENCY (SAMA) BOARD OF DIRECTORS 1. H.E. The Governor, Dr. Muhammad Al-Jasser Chairman 2. H.E. The Vice Governor, Dr. Abdulrahman Abdullah Al-Hamidy Vice Chairman 3. H.E. Mr. Abdulaziz Bin Zaid Al-Quraishi 4. H.E. Mr. Muhammad Obaid Bin Sa’eed Bin Zagar 5. H.E. Mr. Abdulaziz Bin Muhammad Al-Athel Saudi Arabian Monetary Agency — 46th Annual Report FOREWORD It gives me pleasure to present, in the name of the Board of Directors, the Forty-Sixth Annual Report of the Saudi Arabian Monetary Agency, which reviews latest developments witnessed by the Saudi economy during fiscal year 1430/31H (2009) and the first quarter of fiscal year 1431/32H (2010). The Report covers various areas of the domestic economy, including monetary developments, banking activity, capital market, prices, public finance, national accounts, foreign trade and balance of payments in addition to other productive sectors such as oil, industry, electricity, agriculture, water, transport, telecommunications and others. The Report also provides an overview of latest global economic and financial developments. The Report mainly relies on official data obtained from ministries, Government departments and public sector enterprises, in addition to a host of data issued by SAMA itself. I would like to thank all ministries and entities, whose names are indicated in the tables of the Report, for their cooperation in making available valuable information and data for the preparation of this Report. The Report gives full description of SAMA's functions such as conducting monetary policy and supervising commercial banks and cooperative insurance activity. -
Bahri Dry Bulk
King Salman bin Abdulaziz Al Saud His Royal Highness Prince Mohammad bin Salman bin Custodian of the Two Holy Mosques, King of the Kingdom of Saudi Arabia Abdulaziz Al Saud Crown Prince and Vice President of the Council of Ministers and Minister of Defense and The Chairman of the Council of Economic and Development Affairs ANNUAL REPORT 2020 Table of Contents About Bahri Governance Vision, Mission and Values 12 Bahri Board of Directors 104 About Bahri 14 Governance Structure 106 Year in Review 18 Board Composition and Member Classification 106 Board Meetings Held During 2020 and 107 Attendance Sheets Board Committees 107 Board of Directors and Board Committees’ 111 Strategic review Compensations and Bonuses For 2020 Interest, Contractual Securities or Rights Issue 113 Geographic Footprint / Where we Operate 22 of the Board Members, Senior Executives and Chairman‘s Message 24 their Relatives on Shares or Debt Instruments Theme of the Year 26 of the Company or its Affiliates During 2020 CEO‘s Message 28 Board Members’ Biographies, Including Current 114 and Previous Board Memberships Inside and CFO Review 30 Outside Saudi Arabia Business Model 34 Executive Management 118 Strategy and Vision 2030 36 Dividend Distribution Policy 121 Key Performance Indicators 38 Procedures Taken by The Board to Inform its 122 Risk Management and Monitoring Policy 40 Members, Including Non-Executives, of Our People 42 Shareholders’ Feedback Concerning the Corporate Communications 44 Company’s Performance Our Commitment to Investors 122 Results of the Annual -
Bank of the Future
BANK OF THE FUTURE 20 Annual 19 Report IN THE NAME OF ALLAH THE MOST MERCIFUL, THE MOST GRACIOUS The Custodian of the Two Holy Mosques His Royal Highness Crown Prince King Salman Bin Abdulaziz Al Saud Mohammad Bin Salman Bin Abdulaziz Al Saud Over the last six decades, Al Rajhi Bank earned its position as the most successful bank in the region BANK OF THE and leading Islamic Bank in the world. FUTURE These achievements are a testament to the power of a strong vision and purpose shared by all our partners – from our nation’s leaders and its government, to our Board, management and employees, to all our valued strategic partners, customers, suppliers and shareholders. But we are not satisfied. We must capture the great opportunity that lies before us, building on the momentum created over the past years to confidently deliver on our 2020 objectives and drive the Kingdom’s Vision 2030. So, we begin a new chapter in our ambitious journey, once again seeking to harness the power of all our stakeholders behind a new and ambitious idea: that together we can transform Al Rajhi Bank into the “Bank of the Future”. Table of Contents 01 Corporate Governance Bank Profile 03 10 About the Bank 68 Governance 12 2019 At a Glance 02 04 Strategic Report Financial Statements 16 Chairman’s Statement 96 Independent Auditors’ Report 18 CEO’s Message 102 Consolidated Statement of 20 Board of Directors Financial Position 24 Executive Management 103 Consolidated Statement of Income 28 Market Overview & Vision 2030 104 Consolidated Statement of 30 Business Model -
A Nn U Al R E Port 20 18 Annual Report 2018
Annual Report 2018 A nn u al R e por t 20 1 8 Scan to view the mobile version of this Annual Integrated Report The web and mobile HTML versions are published on-line on the same date as the date of issue of this publication at http://AlRajhiBankIAR2018.SmartAnnualReport.com In The Name of Allah The Most Merciful, The Most Gracious 1 The Custodian of the Two Holy Mosques His Royal Highness Crown Prince King Salman Bin Abdulaziz Al Saud Mohammad Bin Salman Bin Abdulaziz Al Saud 3 As “the blue-chip Islamic Bank,” our strong foundation continues to produce robust returns. A few years ago, we developed a strategic path that began with going back to basics, that formed a solid foundation for successful progress. Today, as we welcome the emerging new technologies and continue to attract new digital customers, we are excited about the bright future ahead. The Blue-chip Islamic Bank Annual Report 2018 © 2018 Al Rajhi Bank Scan to view the online version of this Annual Report Contents 5 About the Bank 06 Value Drivers 08 Leadership 11 Message from the Chairman 12 Chief Executive Officer’s Review 14 Board of Directors 18 Executive Management 22 Strategy 25 Strategic Direction 26 Operating Environment 31 Our Value Creation Model 34 Stakeholders and Materiality 36 Risk Management 38 Performance 41 Financial Review 42 Investor Relations 52 Digital Footprint 54 Sharia Group 57 Review of Business Portfolio 59 Review of Other Operations 69 Review of Subsidiaries and International Branches 83 Corporate Governance 85 Financial Reports 113 Independent Auditors’ -
This Is Al Rajhi Bank
In The Name of Allah The Most Merciful, The Most Gracious The Custodian of the Two Holy Mosques King Salman Bin Abdulaziz Al Saud His Royal Highness Crown Prince Mohammad Bin Salman Bin Abdulaziz Al Saud 02 Bank of the Future Years of forward looking strategy, purpose and endeavour have positioned Al Rajhi Bank as one of the most successful financial institutions in the region. A strong sense of awareness of the path to the future, 03 both for global banking and Al Rajhi itself has allowed the Bank to read the signs of the times with accuracy and has led us to formulate strategy that will inform every aspect of enterprise through the years ahead. This strategic platform will propel the Bank to further grow its core banking strengths, enhance brand strength and positioning, leverage emergent technology and infrastructure and expand customer centricity. Our every strategy and action has consonance with the drive to achieve the Kingdom’s Vision 2030. Bank of the Future Annual Report 2020 © 2020 Al Rajhi Bank Scan to view the mobile version of this Annual Report The web and mobile HTML versions are published on-line on the same date as the date of issue of this publication at https://www.alrajhibank.com.sa/ir/ar/index.html Scan to download Scan to download Scan to download the Al Rajhi Bank the Al Rajhi Bank Corporate the Al Rajhi Bank Investor Relations Retail Mobile Application and SME Mobile Application Mobile Application Contents Overview 07 About this Report 08 This is Al Rajhi Bank 09 Value Drivers: 2020 at a Glance 12 Five-year Summary -
Al Rajhi Takaful
Rights Issue Prospectus Al Rajhi Takaful Al Rajhi Company for Cooperative Insurance - Al Rajhi Takaful - is a Saudi joint stock company incorporated pursuant to the Council of Ministers Resolution No. 181 dated 26 / 06 / 1429H (corresponding to 01 / 07 / 2008G) (according to the Royal Decree No. M/35, dated 27 / 06 / 1429H (corresponding to 01 / 07 /2008G) and Commercial Registration No. 1010270371. Offering of 20,000,000 Ordinary Shares through a Rights Issue at an Offer Price of SAR 10 per Share representing an increase of SAR 200 million, or 100% of the Share Capital of the Company. First Offering Period: from 26 / 05 / 1436H (corresponding to 17 / 03 / 2015G) to 06 / 06 / 1436H (corresponding to 26 / 03 / 2015G). Second Offering Period: from 09 / 06 / 1436H (corresponding to 29 / 03 / 2015G) to 11 / 06 / 1436H (corresponding to 31 / 03 / 2015G). Al Rajhi Company for Cooperative Insurance (hereinafter referred to the “Company” or “Al Rajhi Takaful”) is a joint stock company incorporated pursuant to the Council of Ministers Resolution No. 181 dated 26 / 06 /1429H, (corresponding to 01 / 07 / 2008G) (according to the Royal Decree No. M/35, dated 27 / 06 /1429H (corresponding to 01 / 07 / 2008G) Commercial Registration No. 1010270371, issued in Riyadh on 05 / 07 / 1430H (corresponding to 28 / 06 / 2009G. The Company's current Share Capital is SAR 200,000,000 (two hundred million Saudi Riyals) divided into 20,000,000 (twenty million) shares with a nominal value of (SAR 10) ten Saudi Riyal per Share (each share is referred to as “Existing Share” and collectively as “Existing shares”), all of them are fully paid. -
Energy to the World: the Story of Saudi Aramco Volume 1
ENERGY TO THE WORLD: TO ENERGY ENERGY TO THE WORLD: THE STORY OF SAUDI ARAMCO OF SAUDI THE STORY THE STORY OF SAUDI ARAMCO VOLUME 1 VOLUME 1 VOLUME www.saudiaramco.com J ENERGY TO THE WORLD : VOLUME ONE TITLE K VOLUME ONE Energy to the World The Story of Saudi Aramco II ENERGY TO THE WORLD : VOLUME ONE VOLUME ONE Energy to the World The Story of Saudi Aramco Shown in this 1937 photo are Dammam Well No. 1, right, the first oil well drilled in Saudi Arabia, and Dammam Well No. 7, the discovery well. Contents Copyright First Edition Volume One Volume Two © 2011 by Aramco Services Company Printed in 2011 Preface xi Illustration: Saudi Arabia viii ISBN All rights reserved. No part of this book Illustration: Saudi Arabia xiv 1 National Resources 1 978-1-882771-23-0 may be reproduced, stored in a retrieval system or transmitted in any form or 1 Prospects 1 2 Boom Time 27 Library of Congress by any means, electronic, mechanical, 2 Negotiations 33 3 Transformation 67 Control Number photocopying, recording or otherwise, 200922694 without the written permission of 3 Reading the Rocks 59 4 Rising to the Challenge 99 Aramco Services Company, except by 4 The War Years 93 5 Achieving the Vision 131 Written by a reviewer, who may quote a brief Scott McMurray passage for review. 5 Expansion 123 Appendix 168 Produced by 6 Growing Pains 153 A. Upstream 170 The History Factory 7 Balancing Act 189 B. Downstream 184 Chantilly, Virginia, USA List of Abbreviations 215 C.