(MENAFN- Saudi Press Agency)
Riyadh, Dhu-AlHijjah 23, 1439, September 03, 2018, SPA -- The Ministry of Finance re-confirmed today its abidance to the free transfer of capital including Expatriates' Remittances, provided it is done through the recognized legal channels and in accordance with the established world class standards and practices, as this will also enhance foreign investors' confidence, in the Kingdom's economy and financial systems.
This is in line with Vision 2030 which will bolster the competitive edge of the economy and its appeal to foreign investment.
This statement was issued in response to baseless and unfounded reports to the contrary by some media outlets.
It's noteworthy that the ministry has previously denied such rumors, especially, in a statement made by its official spokesman, on January 2017, in which he denied, by and large, any move to impose such charges on expatriates' remittances.
-- SPA
21:42 LOCAL TIME 18:42 GMT
0025
MENAFN0309201800780000ID1097381697
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.