Commerce Ministry: Using commercial register of Saudi or foreign investor by non-Saudis is cover-up

KAFD Plaza and skyscrapers in Riyadh, Saudi Arabia. Getty Images Image used for illustrative purpose.
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The ministry disclosed that citizens and residents, who act as whistleblowers in reporting commercial cover-up cases, will be granted a financial reward of up to 30% of the total value of the fines

Staff Writer, Saudi Gazette

August 5, 2024

PHOTO
KAFD Plaza and skyscrapers in Riyadh, Saudi Arabia. Getty Images Image used for illustrative purpose.

RIYADH — The Ministry of Commerce confirmed in its recent report that enabling a non-Saudi person to work for his own account by using the name, license or commercial register of a Saudi or investor is considered as commercial cover-up (tasattur).

The ministry had previously disclosed that citizens and residents, who act as whistleblowers in reporting commercial cover-up cases, will be granted a financial reward of up to 30 percent of the total value of the fines imposed by a court or competent authority.

The reward will be granted immediately after providing substantial evidence proving the cover-up, and collecting the fine of the cover-up, which reaches SR1 million for each violator according to the Anti-Concealment Law.

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