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Financial Non Disclosure Agreement for Saudi Arabia

Financial Non Disclosure Agreement Template for Saudi Arabia

This document is a comprehensive Financial Non-Disclosure Agreement (NDA) designed for use in Saudi Arabia, incorporating both Sharia principles and Saudi commercial law requirements. It provides a robust framework for protecting confidential financial information shared between parties during business transactions, due diligence processes, or ongoing business relationships. The agreement ensures compliance with Saudi banking regulations, data protection laws, and financial services requirements while providing clear mechanisms for enforcement under Saudi jurisdiction.

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What is a Financial Non Disclosure Agreement?

This Financial Non-Disclosure Agreement is essential for business transactions in Saudi Arabia where sensitive financial information needs to be shared between parties. It is particularly relevant for financial institutions, investment firms, and businesses engaging in financial transactions where confidential information such as financial statements, investment strategies, pricing models, or customer data must be protected. The agreement is drafted in compliance with Saudi Arabian law, including Sharia principles, the Banking Control Law, and data protection regulations. It provides comprehensive protection for both digital and physical financial information, with specific provisions for handling sensitive financial data in accordance with Saudi regulatory requirements. This template should be used whenever parties need to exchange confidential financial information while ensuring legal protection under Saudi jurisdiction.

What sections should be included in a Financial Non Disclosure Agreement?

1. Parties: Identification of the disclosing and receiving parties, including registration details and authorized signatories

2. Background: Context of the agreement and the nature of the financial relationship between the parties

3. Definitions: Detailed definitions including 'Confidential Information', 'Financial Data', 'Permitted Purpose', 'Authorized Representatives'

4. Scope of Confidential Information: Specific description of protected financial information, including documents, data, methods, and know-how

5. Confidentiality Obligations: Core obligations regarding handling and protecting confidential information

6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to regulators and advisers

7. Security Measures: Required security protocols for protecting both physical and digital confidential information

8. Return or Destruction of Information: Procedures for returning or destroying confidential information upon request or termination

9. Duration and Survival: Term of the agreement and surviving obligations

10. Breach and Remedies: Consequences of breach and available remedies under Saudi law

11. Governing Law and Jurisdiction: Confirmation of Saudi law as governing law and jurisdiction of Saudi courts

What sections are optional to include in a Financial Non Disclosure Agreement?

1. Digital Data Protection: Additional provisions for digital data protection and cybersecurity measures, required if significant digital financial information is involved

2. Third Party Rights: Provisions regarding rights of third parties, needed if third party financial information may be disclosed

3. Islamic Finance Compliance: Specific provisions ensuring compliance with Islamic finance principles, required for Sharia-compliant financial institutions

4. Regulatory Compliance: Additional provisions for compliance with specific regulatory requirements, needed for regulated entities

5. International Transfer: Provisions governing international transfer of information, required if parties operate across borders

6. Data Privacy Compliance: Specific provisions ensuring compliance with Saudi data protection laws, required if personal financial data is involved

What schedules should be included in a Financial Non Disclosure Agreement?

1. Schedule 1 - Categories of Confidential Information: Detailed list of types of financial information covered by the agreement

2. Schedule 2 - Authorized Representatives: List of individuals authorized to receive and handle confidential information

3. Schedule 3 - Security Protocols: Detailed security measures and protocols to be followed

4. Appendix A - Form of Acknowledgment: Template for acknowledgment by employees or representatives who will access confidential information

5. Appendix B - Data Destruction Certificate: Template certificate confirming destruction of confidential information

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Saudi Arabia

Publisher

Ƶ

Cost

Free to use
Relevant legal definitions








































Clauses






























Relevant Industries

Banking & Finance

Islamic Banking

Investment Services

Insurance

Financial Technology

Professional Services

Corporate Services

Wealth Management

Private Equity

Venture Capital

Financial Advisory

Asset Management

Capital Markets

Regulatory Compliance

Financial Consulting

Relevant Teams

Legal

Finance

Compliance

Risk Management

Treasury

Corporate Finance

Investment

Financial Operations

Audit

Due Diligence

Financial Planning

Wealth Management

Islamic Banking

Financial Control

Corporate Development

Relevant Roles

Chief Financial Officer

Financial Controller

Investment Manager

Financial Analyst

Compliance Officer

Legal Counsel

Risk Manager

Banking Officer

Investment Advisor

Financial Director

Treasury Manager

Audit Manager

Corporate Finance Manager

Finance Operations Manager

Chief Investment Officer

Due Diligence Specialist

Financial Planning Manager

Wealth Management Advisor

Islamic Banking Specialist

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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