SAMA outsourcing rules govern how Saudi financial institutions outsource services while remaining accountable. The rulebook materials address outsourcing governance, material outsourcing, contracts, confidentiality, audit, regulator access, business continuity, and exit.
Official sources
What teams need to do
- Identify outsourced and material outsourced arrangements.
- Maintain outsourcing policy, risk assessment, due diligence, and approval.
- Review contracts for confidentiality, audit, access, SAMA access, subcontracting, monitoring,
continuity, and termination.
- Monitor providers, incidents, issues, and remediation.
Evidence to maintain
- Outsourcing register and materiality analysis.
- Due diligence, approval, contract, and monitoring records.
- Subcontractor, confidentiality, audit, continuity, and exit evidence.
- Issues, incidents, remediation, and reporting.
Common gaps
- Material outsourcing decisions lack rationale.
- SAMA access and audit evidence is not tested.
- Provider changes do not trigger reassessment.
How Halbarad helps
Halbarad helps maintain outsourcing registers, provider evidence, Nth-Party Discovery, monitoring, issues, approvals, and audit trail.
Disclaimer
This guide is for general information only and is not legal advice. Review the official regulation, guidance, and supervisory materials, and consult qualified counsel or compliance advisors for your organization's specific obligations.