Document background
The Risk Identification Form is a crucial document required by Saudi Arabian regulations for systematic risk assessment and management. It is designed to help organizations comply with SAMA guidelines and other relevant regulatory requirements while maintaining alignment with Shariah principles where applicable. This document should be used when conducting regular risk assessments, launching new projects or products, implementing significant changes in operations, or as part of annual review processes. The form captures detailed information about various risk categories, their potential impact, existing controls, and proposed mitigation strategies. It serves as both a compliance document and a management tool, helping organizations in Saudi Arabia maintain robust risk management practices while meeting local regulatory expectations.
