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Legal & Licensing03
KAFD Operations & FSC Licensing
Financial Services
90 days
KAFD, Riyadh
FSC licensed in 90 days
The Challenge
Identifying the core obstacles
The KAFD regulatory environment operates under a parallel jurisdiction to standard Saudi commercial law — requiring simultaneous engagement with the KAFD Authority, the Financial Sector Conference (FSC) licensing body, and SAMA compliance obligations. The client's legal team had no prior experience navigating this dual-framework environment.
Services Delivered
Legal AdvisoryCompany FormationAudit, Tax & Compliance
Key Results
90
Days to FSC License
12
Staff Sponsored
2
Regulatory Bodies Navigated
Wk 3
FSC Application Filed
Client
Global Financial Services Firm
How we solved it
Our Approach
01
1
Dual-Jurisdiction Mapping
Mapped all applicable regulations across KAFD Authority, FSC, and SAMA. Identified that the client's activity set required a Financial Business License (FBL) rather than a standard MISA license.
02
2
KAFD Entity Registration
Completed the KAFD entity registration including name reservation, activity approval, and the KAFD-specific Articles of Association. Coordinated directly with the KAFD Admin team through our existing liaison.
03
3
FSC License Application
Prepared the FSC license application dossier including AML/CFT policies, organisational structure, fit-and-proper assessments for directors, and financial projections. Filed within week 3.
04
4
Office & Visa Activation
Secured the KAFD office unit assignment, coordinated fit-out approvals, and initiated visa sponsorship for 12 staff including the country manager.
Key Deliverables
What we delivered
KAFD Entity Registration
Financial Business License (FBL)
FSC License
AML/CFT Policy Documentation
Director Fit-and-Proper Assessment
Articles of Association (KAFD Format)
12 Visa & Iqama Sponsorships
SAMA Compliance Framework
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