The Saudi Central Bank (SAMA) has received the International Accreditation Certificate for Procurement Operations from the Chartered Institute of Procurement and Supply (CIPS), recognising SAMA’s alignment with international standards and best practices for procurement activities. The accreditation followed a comprehensive assessment in which SAMA met 98 requirements across seven areas, including strategy development and implementation, workforce capability, leadership and performance measurement, operational governance and automation, contracts and risk management, ethical compliance, and sustainability in procurement operations and supply chains.
Saudi Arabian Monetary Authority 2025-10-16
Saudi Central Bank receives CIPS international accreditation for procurement operations
The Saudi Central Bank (SAMA) has been awarded the International Accreditation Certificate for Procurement Operations by the Chartered Institute of Procurement and Supply (CIPS), acknowledging its adherence to international standards. SAMA fulfilled 98 requirements across seven areas, including strategy, workforce capability, governance, and sustainability.