
Saudi Arabia: Reforms Accounting Law and Development Fund Regulations
Argaam, 14 October 2025: The Saudi Arabian Cabinet has approved significant amendments to two major financial frameworks: the Law of the Accounting and Auditing Profession and the operational regulations of the National Development Fund (NDF).
The approved modifications encompass both the professional standards for accountants and auditors, as well as revisions to the governing structure of the Saudi Organization for Auditors and Accountants. These changes establish new operational parameters for accounting professionals in the kingdom.
Simultaneously, the cabinet sanctioned updates to the NDF’s bylaws, marking a substantial revision to the fund’s operational framework. This follows the fund’s strategic restructuring initiated in March 2022, which positioned it as an integrated national financial institution.
The NDF has established specific financial targets through its network of development banks and affiliated funds.
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