Riyadh: Saudi Arabia’s Ministry of Finance (MoF) has secured the ISO 31000 certification for its excellence in risk management, by applying the highest standards of quality and reliability in this field.
This achievement is the culmination of the Ministry’s efforts in implementing comprehensive risk management systems in line with international standards. The Ministry’s efforts also included enhancing the ability to effectively analyze and evaluate financial, operational, strategic and technical risks and take appropriate decisions on their impact. This has contributed to consolidating the Ministry’s position as a leading entity in the field of risk management.
The “ISO 31000” certification, awarded by the International Organization for Standardization (ISO), is granted to entities that successfully implement standards in systems, policies, and procedures. This certification enhances the organization’s ability to make proactive decisions in leveraging opportunities and managing challenges. It provides a com
prehensive framework that assists entities in achieving their strategic goals more effectively and efficiently.
Source: Saudi Press Agency