The Saudi Ministry of Commerce and Industry has announced that all companies operating in the Kingdom must appoint licensed auditors by January 18, 2025. This new regulation is aimed at ensuring compliance with financial standards, improving transparency, and bolstering corporate governance across various industries.
This initiative supports Saudi Arabia’s Vision 2030 objectives to foster a resilient and sustainable business environment. Companies are encouraged to take swift action to meet the deadline and avoid any penalties. The move is part of a wider set of reforms designed to strengthen financial accountability and boost investor confidence in the Saudi market.
