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Royal Decree
An official document expresses the king's will for approval on any subject that has been viewed by Saudi Cabinet and Shura Council.
Cybersecurity Operation Center
A facility or team responsible for monitoring, detecting, and responding to security and cyber threats and incidents in real-time.
Floating Rate Murabaha (FRM)
A financial instrument compliant with Islamic finance principles, used for Islamic financing and investment activities, typically featuring variable profit rates.
Exchange Control
Auditing and approval on the financial transaction documents before and after disbursement.
Cybersecurity Resilience
An organization's ability to withstand and recover from cyber events.
Cross Elasticity of Demand
A measure of how the demand for one product changes in response to a price change in another product.
Substantial Shareholder
A person holding (5%) or more of the class of shares of the issuer.
Key Private Sector Participation (PSP) Projects
Projects whose full implementation achieves all the objectives of the privatization plan, and failure to implement them will result in failure to achieve those objectives.
Main Private Sector Participation (PSP) Projects
Projects whose full implementation will achieve most of the privatization plan’s targets, and failure to implement them will result in a failure to achieve those targets.
Payable Fees for Foreign Dependents
An expatriate levy on all foreign nationals in Saudi Arabia who are sponsoring dependents.
Subcontractor
A contractor who is awarded some works of the contract by the main contractor after the approval of the government entity.
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