The Saudi Ministry of Finance announced on April 13 the commencement of the Financial Control Law, which was issued by the Council of Ministers under Resolution No. (M/122) and came into effect on December 1, 2025. The law replaces the previous Financial Representatives Law as part of efforts to develop public financial oversight and enhance efficiency in line with Saudi Vision 2030.
The implementation aims to modernize financial oversight across government entities, ensuring that practices align with international standards. This move is considered significant for strengthening transparency and accountability within agencies funded by the Saudi Budget or those receiving state support.
Alongside the new law’s entry into force, the Ministry has released implementing regulations that detail how government bodies should apply these rules. These regulations are designed to help agencies adopt oversight methods suitable for their specific operations and scale.
The scope of application includes not only budget-funded agencies but also organizations receiving grants or subsidies from the State, as well as those carrying out works or procurements on behalf of a government agency. The law incorporates several types of oversight—direct control, self-control, digital control, and report-based control—to ensure flexibility depending on each agency’s activities.
According to information published by the Ministry, these changes are intended to bring financial monitoring in line with best global practices. More details about the law can be found in official publications.
