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 The Ministry of Finance re-confirms Saudi Arabia policy of free transfer of capital


The Ministry of Finance re-confirmed its abidance by the free transfer of capital, including expatriates’ remittances, through the recognized legal channels and in accordance with the international best practices and standards. This strategy will enhance foreign investors' confidence in the Saudi economy and financial system. In addition, it will bolster its economic development in line with the Saudi Vision 2030 aimed at enhancing the competitiveness of the economy and its appeal to foreign investors.

This statement was issued in response to unfounded reports to the contrary by some media outlets.   

It's noteworthy that the Ministry has previously denied any move to impose such charges on expatriates' remittances in a statement made by its official spokesman in January 2017.

Last Update : 9/4/2018 7:44 PM