Muscat Capital Pillar III Prudential Capital Disclosure 15-5
31/03/2015
The Capital Markets Authority of Saudi Arabia have specified requirements for licensed firm’s financial prudence by way of Prudential Guidelines regulations. Part 7, Pillar III of the aforesaid rules require all licensed firms to adhere to annual market disclosure of information.
The purpose of Pillar III Disclosure is for the market participants to assess the key pieces of information on the scope of application, capital, risk exposures, risk assessment processes, and hence the capital adequacy of the licensed firms.
SICO Capital endeavours to promote good governance and fair & transparent disclosure to enable all its stakeholders be able to better judge the financial risk exposures faced when dealing with the firm and has prepared this disclosure consistent with its scale, complexity and sophistication of the firms approach to risk management and capital adequacy assessment.
Please click on the below Link: