"Trade" decides to grant 30% of the total fine to informants

Granted immediately after the submission of evidence and recovery of fines of one million riyals for the offender

The Ministry of Commerce and Investment has invited all citizens and residents of all regions of Saudi Arabia to report cases of commercial concealment through its communication center on July 19. 1900 or through a "commercial notice" or through the ministry's website.

In addition, the Ministry explained that the financial reward granted to informants in cases of commercial concealment of citizens and residents amounted to 30% of the total value of the fines imposed. It is granted immediately after providing evidence of concealment and recovered the fines of one million riyals imposed on an offender, in accordance with the anti-concealment law. .

It should be noted that the High Commissioner agreed earlier this week to implement the recommendations of the National Trade Concealment Program, which involves 10 government agencies, and aims to develop related regulations and legislation, stimulate e-commerce and to use technical solutions, as well as to regulate financial transactions in order to reduce cash outflows, Private sector growth creates attractive jobs for Saudis, encourages them to invest and allows them to find solutions to the problem irregular ownership of foreigners in the private sector.

This is part of the efforts of the parties involved in the national counter-concealment program to eliminate the phenomenon of trade concealment in all sectors and to create a business environment free from irregularities. and allowing citizens to do business.