Increased protection for investors thanks to a regulated environment.
Investors are protected with relevant regulations that encourage hedging up to SAR 200 000 per retail investor (details and exceptions below).
Increased protection for investors thanks to a regulated environment.
We’re regulated by the Saudi Central Bank (SAMA), the central bank of the Kingdom of Saudi Arabia, were it is embedded the concept of risk management and compliance aiming to maintain a culture distinguished with high level of knowledge and awareness.
Investment firm regulation: protecting investors
The financial system is an integral part of our daily lives. For example, we need banks to make payments or transfer money, or investment firms to invest our money to gain future returns
Investment firms in Saudi Arabia need to comply with several laws and regulations aimed at protecting investors and the stability of the financial system. A combination of sound internal control mechanisms, internal and external audits, and regulatory oversight ensures that Forus strictly follows all applicable requirements.
Suitable and appropriate product offering
To ensure that investors are aware of the risks of investing on Forus, and that their financial situation allows them to bear these risks, we check whether our products fit their expectations and goals, and are appropriate for their knowledge and experience. The outcome of this assessment determines which products and services will be available to the investor
Investor-friendly presentation of information
To help investors make informed decisions about the investment, they are provided standardized information in a consumer-friendly format. This information is designed to help investors understand the behavior of investment products and compare them with other products. Forus has also published several disclosures, such as information on investment risk and fees, and Key Information Documents
Safeguarding of investor
assets
Investors’ funds are protected by safeguarding them in special accounts in our partner Riyad bank. Forus is required to ensure that the available balance on investors’ Forus accounts matches the balance on the safeguarded accounts held with bank. These funds are used only to execute the investors’ orders to invest or withdraw the funds, or to cover fees and charges payable to Forus. Financial instruments belonging to the investors on Forus are held separately from Forus’s own assets. These instruments can only be used to execute the investors’ orders, for example to sell the instruments
