المملكة: “Sayat” and “Sama” are cooperating to implement the provisions of the personal data protection system

The Saudi Data and Artificial Intelligence Authority signed “Sayya” and the Saudi Central Bank “Sama”, at the headquarters of “Sayaba” in Riyadh today; A memorandum of understanding to organize the mechanisms and procedures of control and supervise the commitment of financial institutions in implementation of the memorandum of understanding concluded between the two sides to implement the provisions of the personal data protection system and its executive regulations, in the presence of the head of the National Data Management Office in “Sayyada” Al -Rabdi bin Fahd Al -Rabdi, and the deputy governor of the Saudi Central Bank for Control and Technology Khaled Bin Walid Al -Zahir.
The memorandum, which was signed by “Sayya”, Director of the General Department of Risk and Commitment, is aimed at Abdulaziz bin Muhammad Al -Anzi, and “Sama”, Executive Director of Control of Employment Execution, Marwan bin Hamad Al -Luhaidan; To enhance cooperation between the two parties to the agreement in organizing aspects related to the application of the provisions of the personal data protection system and its executive regulations.

Protect personal data

It also aims to enhance cooperation between “Sida” and the Saudi Central Bank to ensure effective coordination in overseeing the application of the provisions of the system and the regulations that were issued under the royal decree on 2/9/1443 AH, and the average of the royal decree on 5/9/1444 AH, and in effect what he ruled Item (sixth) of the Cabinet Resolution on 7/2/1443 AH.
The cooperation between “Sidia” and “Sama” reflects the firm commitment of the two parties to enhance the protection of personal data in the Kingdom, which is related to the financial institutions subject to the supervision and supervision of the Saudi Central Bank, in a way that effectively contributes to the development of the organizational structure, and enhances the industry of a digital economy based on data and artificial intelligence, It supports achieving the goals of the Kingdom’s 2030 vision.