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Place of Actual Consumption
The place where the customer actually consumes the goods, either within the framework of the supply of electricity, gas, oil, water, and other public services through the pipeline distribution system. The Zakat, Tax, and Customs Authority considers the actual place of consumption to be the registered location, or the delivery point where the goods are delivered.
Ownership and Control of Capital and Voting rights
One of the requirements for forming a tax group is that each legal person must be directly or indirectly controlled by the same person, or by a group of persons, either: by owning (50%) or more of the capital of each legal person who is a member of the tax group to be formed, or by owning (50%) or more of the ownership rights or voting rights of each legal person who is a member of the tax group to be formed.
Ultimate Parent Entity of Multinational Enterprise (MNE) Group
An entity that is a member of a multinational enterprise group and that: directly or indirectly owns sufficient shares in one or more entities belonging to that group to be required to prepare consolidated financial statements in accordance with the generally accepted accounting principles in its country of tax residence, or would be required to prepare them if its shares were publicly traded in the financial market of its country of tax residence.
Fund Sub-Manager
A third party contracted by a fund manager, under a contract, in accordance with the Investment Funds Regulations and the Real Estate Investment Funds Regulations, and takes on the fund manager’s behalf all or part of the investment decisions for an investment fund managed by the fund manager.
Independent Financial Advisor
In the Merger & Acquisition Regulations, a financial advisor who is authorized by the Capital Market Authority (CMA) and is independent of its appointor (whether it is the offeror, offeree company or any other person obligated to appoint an independent financial advisor in accordance with the Merger & Acquisition Regulations).
International Transport
The provision of a transportation service by means of a vehicle, aircraft or vessel together with a driver or pilot and with a crew where necessary for the purpose of that service, provided that the transportation service involves transport of Goods or passengers either to a place outside the Kingdom, or from a place outside the Kingdom into the Kingdom.
Credit Score
A numerical representation of an individual's creditworthiness, typically ranging from 300 to 850 in the United States. It is based on an analysis of a person's credit history, including their payment history, credit utilization, and other factors.
Contactless Payment
Transactions made using RFID or NFC technology without physical contact with a payment terminal.
Advance Payment
A payment made by the government body to the contractor or supplier before commencing business, against a guarantee provided by the contractor of supplier.
Intellectual Capital
The knowledge, skills, and expertise that contribute to the value of an organization.
Operation Profit
A measure of a company's profitability calculated by subtracting operating expenses from gross profit, reflecting the earnings generated from core business activities.
Public Debt
The total financial obligations incurred by the government through borrowing from domestic or foreign entities to finance budget deficits or to fund development and investment projects, which are to be repaid in the future according to specific terms and conditions.
Insights
Valuable understandings or perceptions gained from data analysis, research, or observation, providing guidance or information for decision-making.
Project Sponsor
The entity or person who approves the use of the financial and human resources in the project implementation process.
Affiliate Program
An organized system that enables affiliates to drive traffic to your properties through tracked links, and earn a cut when that traffic converts.
Training Program
A comprehensive set of educational activities and resources designed to impart specific skills, knowledge, or competencies to participants.
Net Zero Emissions
The balance between the amount of greenhouse gas emissions produced and the amount removed from the atmosphere. Achieving net-zero emissions means minimizing emissions and offsetting them through various means, like carbon credits.
Customer-Centric Employee Training
Providing employees with the necessary skills and knowledge to deliver exceptional experiences to beneficiaries.
Customer-Centric Knowledge Management
Organizing and sharing knowledge resources to empower employees to serve customers effectively.
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