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Robo-advisor
An automated financial planning service that uses algorithms to manage investments.
Temporary Admission Document
The international customs document accepted as a customs declaration, which makes it possible to identify goods (including means of transport) which incorporates an internationally valid guarantee to cover import duties and taxes.
Warehouse
The place or building where goods are deposited under the supervision of the administration free of customs duties (taxes).
Acceptable Risk Level
The level of risk that the enterprise can bear to achieve its objectives.
Beneficiary-Centric Social Media Engagement
Engaging with customers on social media platforms in a manner that aligns with their interests and preferences.
Giga Projects
Large-scale initiatives that involve significant investments and have a transformative impact on economies or regions.
Fund Operator
The fund manager licensed to carry out the activity of managing investments and operating funds or the capital market institution appointed in accordance with paragraph (b) of Article 8 of the Investment Funds Regulations; to operate investment funds.
Multi-Factor Authentication (MFA)
A security system verifying user identity through multiple identity verification mechanisms.
Source of Income
Cases where the income is considered to be generated from economic activities in Saudi Arabia; the nature of income source determines whether the income is subject to tax or not, according to the income tax law and its implementing regulation.
Other Expenses
All costs and expenses that do not fall under any of the main items of financial expenses.
Tax Warehouse
The designated place where it is permitted to the Licensee to produce, transfer, store, or receive Excise goods under tax suspension arrangement.
Bond or Bonded Warehouse
A building approved by the Customs authorities for the storage of imported goods without payment of duties until their removal on payment of duty or for re-export.
Payroll
The employee's monthly salary slip showing the basic entitlement, deductions, and monthly allowances.
Joint Venture
A business arrangement where two or more parties collaborate on a project, sharing resources, risks, and rewards.
Advising
Advising a person in relation to a security, including advising on the merits of dealing in it, exercising any right to deal conferred by it or financial planning and wealth management in it.
Authentication
Verifying the identity of a user, process, or device to grant access to resources.
Non-Oil Source of Income
Economic sources of income that do not depend on oil exports.
Conformity
The state of compliance or alignment with established standards, guidelines, or regulations in business, ensuring that processes and practices meet expected criteria.
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