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Security Dealing
To deal in a security, whether as principal or agent, and dealing include the sale, purchase, manage the subscription for or underwriting securities.
Direct Authorization
A direct purchase order authorizing the government entity to skip conducting the agreement and get by with the mutual correspondences if the contract value does not exceed one hundred thousand Saudi Riyal according to Government Tender and Purchasing Law.
Avoidance of Additional Costs
Indirect financial impact resulting from proactively approving costs and committing to non-priority capital projects or operating expenses.
Hyperinflation
Extremely high and typically accelerating inflation, eroding the real value of currency.
Brand Enhancement
The natural social behavior of individuals to share a positive impression of a brand by any means.
Loan Estimate
A document provided by lenders outlining the terms, interest rates, and closing costs of a loan.
Biding
The financial and technical offer that the supplier or contractor submits to the government body according to the specifications and conditions for obtaining the competition.
Annual Report
A comprehensive document outlining the company's operations and financial performance over the past year.
Demerger
A process through which a listed company is demerged into two or more companies in according with the Companies Law. A Demerger could take the form of a Spin-Off or a Split-Off.
Information Technology (IT)
The use of technology to store, process, transmit, and retrieve information in an organization or individual context.
Submit Closure Report
The process of preparing a report that provides evidence of the successful implementation of corrective actions and justifies the closure of the incident.
Detailed Expenses Report
The process of monitoring all expenditures under payment orders from government agencies for which a transfer or check has been issued by the Saudi Central Bank.
Insurance Technology (Insurtech)
The use of technology to improve and innovate insurance products, services, and processes.
Customer-Based Corporate Valuation (CBCV)
The process of valuing an organization by forecasting current and future customer behavior using customer data in conjunction with traditional financial data.
Deemed Cost
An amount used as a surrogate for acquisition cost or depreciated cost at a given date.
Free Cost
Costs after adjustment in which contracts costs are subtracted in the Etimad platform and the disbursed amount (out of contracts allocations), reserved amounts, and non-carried forward expenses are also subtracted.
Green Finance
Financial investments that are aimed at supporting environmental sustainability, such as renewable energy projects or low-carbon technologies.
Financing by Equity
Raising capital by selling shares of a company, rather than taking on debt. Investors receive ownership stakes and potential profits in return.
Structured Finance
A financial field that involves the creation of complex securities, often backed by pools of assets, such as mortgages or loans, and designed to meet specific investor preferences and risk profiles.
Sustainable Development
Development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
Diversification
A risk management strategy that spreads investments across different assets to reduce exposure to risk.
Economic Diversification
The expansion of an economy into various sectors to reduce dependence on a single industry.
Wealth Generation
The process of accumulating financial assets over time through investments and savings.
Quantitative Easing
A monetary policy used by central banks to stimulate the economy, involving the purchase of financial assets, such as bonds, to increase the money supply.
Financial Literacy
The ability to understand and use financial concepts effectively.
Customer-Centric Innovation Incubator
Space or a dedicated program for generating and nurturing ideas and solutions focused on customers.
Status of Disbursement Order
The status of the disbursement order from its creation until its approval (under approval, approved, returned).
Possession of Goods for Commercial Purposes
Possessing excise goods for the purpose of carrying out commercial activities, or any activities related thereto, or possessing excise goods in quantities exceeding the quantities specified by the Zakat, Tax and Customs Authority.
Open Banking Service
A banking system where third-party financial service providers securely access consumer data.
Deduction
An amount subtracted or withheld from a total, often in the context of taxes, expenses, or costs, reducing the overall amount or liability.
Line of Credit
A flexible loan arrangement where a borrower can access funds up to a certain limit, typically for short-term needs.
Stock Options
Contracts giving the right, but not the obligation, to buy or sell a stock at a specific price.
Comfort Letter
A document issued by a parent company to provide assurance or support to creditors or investors regarding the financial obligations of a subsidiary or affiliate.
Fixed Income
Are securities, such as bonds or certificates of deposit, that pay a fixed or predictable rate of interest, offering regular income to investors.
Zakat
A certain sum of money that Allah has imposed as a right for the poor. It is the third pillar of Islam and one of its obligations.
Commercial Registration
A document in which the contractor should apply and have it from the Ministry of Commerce. This document should be issued with the name and type of the commercial establishment, and the names and addresses of the owners; And their authorized activities.
Increased Localization
A shift toward producing goods and services locally rather than relying on global supply chains.
Increased Contributions
Higher financial or resource inputs, often referring to investments, taxes, or donations.
Interest Rate
The cost of borrowing money or the return earned on investments, often expressed as a percentage of the principal amount.
Zero-Coupon Bond
A bond that does not make periodic interest payments but is issued at a discount to its face value and pays the face value at maturity.
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