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Import of Excise Goods
The entry into Saudi Arabia of excise goods which are not subsequently placed under a custom suspension arrangement besides customs clearance and release of excise goods for import purposes in Saudi Arabia.
Estimated Prices
Estimated reference price that is established based on the market prices.
Preferred Stock
A type of stock that provides fixed dividends and has priority over common stock in the distribution of assets and in the repayment of the stock’s value upon company liquidation.
Issuance
The creation and distribution of new securities, such as bonds or stocks, to the market, typically by corporations or government entities.
Economic Reform
Changes or improvements made to the economic policies or systems to enhance efficiency, growth, and stability.
Export Subsidies
Government financial assistance to domestic firms for exporting goods, often aimed at making a country's exports more competitive internationally.
Domestic Bank Assets
Are the financial holdings, investments, and resources owned or controlled by a bank within its home country, excluding assets in foreign jurisdictions.
Control Frame (COSO)
A process, influenced by the entity's board of directors, executive management, and other individuals, that is designed to provide assurance that the entity is achieving its objectives that are related to operations, operating, reporting, and compliance with laws and regulations.
Internal Control Framework
A data structure that organizes and categorizes an organization's internal controls, they are practices and procedures that are put in place to create added value and reduce enterprise risks.
Re-Import
Importation into a Customs territory of goods previously exported from that territory.
Re-export
It refers to goods that have been previously imported and have undergone all customs procedures, and then re-exported without significant modification.
Insolvency
Actual insolvency or bankruptcy, or the commencement of any proceedings in respect of insolvency or bankruptcy under the Bankruptcy Regulations, or the commencement of any equivalent procedures in the Kingdom or in any other jurisdiction outside the Kingdom.
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