Advisory & Assurance · Saudi Arabia
Advisory for regulated and institutional clients in the Kingdom.
SRR provides project-based advisory to regulated and institutional clients across Saudi Arabia: risk and compliance, ESG and sustainability, and insurance and actuarial, built on what SAMA, the CMA, and the Insurance Authority actually require, and delivered by senior practitioners.
The short answer
What advisory does SRR provide in Saudi Arabia?
SRR provides three advisory areas for regulated and institutional clients in Saudi Arabia: risk and compliance, including AML and CFT frameworks under the Anti-Money Laundering Law and governance for SAMA-regulated and CMA-listed entities; ESG and sustainability, aligned to the Saudi Exchange ESG Disclosure Guidelines and preparing for IFRS S1 and S2; and insurance and actuarial, covering IFRS 17 and IFRS 9 support under the Insurance Authority regime. The work is project-based and senior-led.
This is distinct from SRR’s recurring business services (bookkeeping, VAT and ZATCA, payroll, and audit support) for Saudi companies. SRR is a management and business advisory consultancy and is not a licensed audit firm; formal actuarial valuations are performed by a qualified actuary through the FinSoul Network.
- Insurance regulator
- Insurance Authority
- Sole regulator of the Saudi insurance sector since 2024, taking over from SAMA and the Council of Health Insurance.
- ESG basis
- Tadawul guidelines
- Saudi Exchange ESG Disclosure Guidelines, voluntary and referenced to GRI and SASB, with IFRS S1 and S2 signalled as the future direction.
- AML basis
- Royal Decree M/20
- The Anti-Money Laundering Law of 1439H (2017) and its Implementing Regulations, supervised by SAMA for financial institutions.
Choose Your Area
Three advisory areas, each built for the Saudi regulator.
The rules, the regulator, and the reporting differ by area. Each page below is written for the Kingdom, not adapted from a generic GCC pitch.
Risk & Compliance
AML and CFT frameworks under the Anti-Money Laundering Law, customer due diligence and suspicious transaction reporting, and enterprise risk and governance for SAMA-regulated and CMA-listed entities.
Risk & compliance in Saudi ArabiaESG & Sustainability
Saudi Exchange ESG disclosure readiness, materiality, and sustainability reporting aligned to GRI, SASB, and TCFD, with preparation towards IFRS S1 and S2 as the Kingdom moves that way.
ESG in Saudi ArabiaInsurance & Actuarial
IFRS 17 and IFRS 9 measurement support, technical reserve data structuring, and cooperative-model reporting under the Insurance Authority, with actuarial valuations through the FinSoul Network.
Insurance & actuarial in Saudi ArabiaWhat Is Different in the Kingdom
Saudi advisory is not Bahrain advisory with the names changed.
The regulators, the accounting timeline, and the reporting expectations are Saudi-specific. Getting them right is the difference between advice that lands and advice that does not.
A consolidated insurance regulator
Since 2024 the Insurance Authority is the sole regulator of the Saudi insurance sector, taking over from SAMA and the Council of Health Insurance. Reporting, solvency, and governance expectations now sit under one body.
Early IFRS 17 and IFRS 9 adoption
Saudi insurers adopted IFRS 17 and IFRS 9 from 1 January 2023, among the earliest globally. The reporting change is embedded, and the work now is running it cleanly every period.
ESG that is voluntary, for now
The Saudi Exchange ESG Disclosure Guidelines are voluntary and referenced to GRI and SASB. Investor expectation, Vision 2030, and the Saudi Green Initiative are pushing adoption ahead of any IFRS S1 and S2 mandate.
A SAMA and CMA supervisory lens
AML sits under the Anti-Money Laundering Law with SAMA as the primary supervisor for financial institutions, while listed companies answer to CMA governance rules. Frameworks have to be evidenced, not just documented.
Related
Across the practice and the region.
For the wider advisory practice and the Bahrain regime, see advisory and assurance. For recurring accounting and compliance in the Kingdom, see business services in Saudi Arabia. Individual areas: risk and compliance, ESG and sustainability, and insurance and actuarial.
Scope an advisory engagement in Saudi Arabia.
A short call with a senior practitioner is the quickest way to work out what applies, what the regulator expects, and what the engagement should cover.