SAUDI EXPATRIATES

As of now, the number of expatriates working in the Financial (Banking and Investment) and Insurance sectors is estimated at nearly 87,600 workers, about 1% of the total male expatriates in Saudi Arabia, while the number of female expatriates is nearly 3000, which is nearly 0.24% of the total female expatriate workers in the Kingdom. Similar : Saudization of Real estate activities and Professions

- The Ministry of Human Resources and Social Development had signed a joint Memorandum of Understanding with Saudi Central Bank and Human Resources Development Fund. the Memorandum aims to strengthen cooperation between 3 parties in order to make sure the consistency of the work of the ministry and SAMA to localize all sectors supervised by Saudi Central Bank.

- The Memorandum also aims to improve the professional standard of employees of the entities subject to Saudi Central Bank supervision, including to improve coordination with regard to Saudization and provision of training in the sectors supervised by SAMA. Recommend : Receiving amounts of money in account from unknown leads you to be accountable - Saudi Central Bank

- The Memorandum of understanding comes within the ministry's plans to build complementary relationships and strategic partnerships with various sectors, to reach the goals of National Transformation Programs and the Saudi Vision 2030, reports Saudi Gazette.