Financial Analysis Profession in the Kingdom of Saudi Arabia

The adopted methodology in development was similar to the one opted for in developing the profession of accounting and auditing in the kingdom. All development procedures were completed including the preparation of the Act , incoporation of a specialized organization to handle financial analysis profession in the Kingdom of Saudi Arabia.. (Further details will be mentioned later).

Since the financial analysis serve categories such as the economic establishment , whether governmental , commercial or personal ; their services are varied and include investment management , financial risk analysis , financial policies design and to make sure of their implementation , furthermore , they are highly linked to the financial markets because they started and developed with them. The importance of its service increasing after the collapse of the financial markets in the USA , South Asia and South America through the past two decades and the arrived at conclusion that the limitation in the financial analysis operation was one of the important reasons which lead to that collapse . One of the solutions which have been emphasized was the consolidation of financial analysis agencies and the development of the required essentials to achieve it private and public objectives even if they differed in the details according to the environment of the countries in which they operate. Some of these important essentials are the creation of rules and standards to be adopted by the financial analysis , the determination of the essential professional , practical and scientific requirements for those to the granted licensees to practice the profession by the state; the channels for rehabilitating them to acquire these requirements ; their development and to determine their responsibilities before the beneficiaries for whom they present their services ; in addition to controlling the efficiency of their works.