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Saudi Arabia × Payments, Foreign Exchange & Settlement
Moving money between markets: payments, currency and settlement. In Saudi Arabia, that means local law, local regulators and local practice, handled by a qualified professional who practises there.
On request
No WONE Global Partner holds this yet. Send us your requirement: WONE Global confirms whether a vetted Associate firm can act, tells you who it is and checks for conflicts before any work begins.
Bring a requirement →Riyadh · Tuesday 3 November
21:58
Local time
What the rules say in Saudi Arabia
From the Saudi Arabia market guide: the points that matter most for payments, foreign exchange & settlement, each with the source it was checked against.
Full guide · Source-checked research100% of statements checked against a source119 checked against an official source54 checked against a secondary sourceChecked 2026-10-19Not yet professionally reviewed
Investors may transfer funds within or outside Saudi Arabia without delay, including profits and sale proceeds, in any recognised currency.
Investors under the Investment Law; tax withholding on outbound payments still applies.Ministry of Investment (MISA) · checked 2026-10-19The Saudi Central Bank (SAMA) publishes a US dollar exchange rate of 3.7500 riyals.
Published currency rate table on SAMA's website.Saudi Central Bank (SAMA) · checked 2026-10-19Virtual asset service providers remain prohibited in the Kingdom and virtual currency may not be exchanged for Saudi riyals.
Position as described by the source; check SAMA and Capital Market Authority announcements for any change.US Department of State · checked 2026-10-18SAMA has fixed the official exchange rate at 3.75 Saudi riyals per US dollar since 1986, and commercial transactions commonly reflect the official rate.
US Department of State · checked 2026-10-19In the 2025 Article IV consultation, the IMF Executive Board agreed that Saudi Arabia's currency peg to the US dollar remains appropriate, and IMF staff said SAMA's policy rate decisions should continue to align with the US Federal Reserve's.
International Monetary Fund (IMF) · checked 2026-10-19Saudi Arabia does not limit remittances of profits, debt service, capital, capital gains, returns on intellectual property or payments for imported inputs, other than certain withholding taxes, and there are no waiting periods for remitting investment returns through normal legal channels.
US Department of State · checked 2026-10-19Bulk cash shipments above a set value must be declared at entry or exit points.
The State Department report gives the threshold as more than $10,000; the official ZATCA threshold in riyals was not confirmed.US Department of State · checked 2026-10-19Read the full guide: Banking, currency and repatriation
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WONE Global Partners in Saudi Arabia
No named lead for Payments, Foreign Exchange & Settlement yet — these WONE Global professionals already work in Saudi Arabia and can bring the right local colleague in.
Riyadh · Saudi ArabiaWONE Global Partner · Saudi Arabia
Abdullah Yousef Al-Hussaini (License No. 992) is a seasoned accounting and auditing professional with a career spanning leading roles at Ernst & Young (EY) and one of Saudi Arabia’s largest insurance companies, includin…
Jeddah · Saudi ArabiaWONE Global Partner · Saudi Arabia
Jeddah · Saudi ArabiaAlso in Saudi Arabia
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Cases
The cases this service leads or joins, each with what is at stake, how WONE Global handles it and who handles it in Saudi Arabia.
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