πŸ‡ΈπŸ‡¦ SaudiBizCode 2026
πŸ”
SSIC 242023 activity

Production of wrought Platinum.

Ψ§Ω†ΨͺΨ§Ψ¬ Ψ§Ω„Ψ¨Ω„Ψ§ΨͺΩŠΩ† Ψ§Ω„Ω…Ψ΄ΨΊΩˆΩ„

Compliance Risk Score

75/100
  • Verified against GASTAT/Official source
  • Updated for 2026 classification
  • Complete hierarchy structure
  • Nitaqat localization rules mapped

πŸ“Œ Description

SSIC 242023: Production of wrought Platinum.. Supervised by Ministry Of Industry And Mineral Resources. Used for company registration, Nitaqat, and lice...

πŸ“– Description

SSIC code 242023 β€” Production of wrought Platinum. β€” classifies economic activities in this sector according to the Saudi national classification system.

Supervisory entity: Ministry Of Industry And Mineral Resources

Licensing entity: Ministry Of Industry And Mineral Resources

Occupations Related to this Activity

411001 Government Relations Clerk 411002 Registry Clerk 412001 Administrative Assistant 412002 Secretary 412003 House Secretary 413101 Shorthand Writer 413102 Printing Technician and Proofreader

Related Codes

242011 Production of precious raw metals from gold 242012 Production of precious raw metals from silver 242013 Production of precious raw metals from precious metals listed under platinum group metals. 242021 Production of wrought gold. 242022 production of wrought silver. 242024 Production of wrought Platinum group

When to use this code

🏒
Company Registration

Ministry of Commerce β€” Commercial Registration

🎯
Nitaqat

Saudization quotas by sector via Qiwa

πŸ“‹
Licensing

Permits from supervisory authorities

πŸ“Š
Statistics

National reporting β€” GASTAT

FAQ

What is SSIC code 242023?

SSIC code 242023 corresponds to 'Production of wrought Platinum.' in the Saudi Standard Industrial Classification (SSIC), based on ISIC Rev.4 and maintained by GASTAT. It is a activity-level code used in business registration and government filings in Saudi Arabia.

When should I use SSIC 242023?

Use SSIC code 242023 when your main business activity is 'Production of wrought Platinum.'. You will need it for: company registration at the Ministry of Commerce, Nitaqat Saudization compliance, GOSI registration, and statistical reporting.

What Saudization rate applies to SSIC 242023?

Saudization (Nitaqat) rates vary by sector and company size. Check the HRSD/Qiwa platform for the current rate applicable to SSIC code 242023. Rates were updated in 2025-2026 for most sectors.

πŸ“‹ Data Source & Disclaimer

Data source: General Authority for Statistics (GASTAT) β€” SSIC/SSCO 2026 Edition.

This data is cross-checked with Qiwa, HRSD, and ZATCA portals to ensure accuracy for business compliance.

This is an independent, free reference resource. Please verify critical information in official government sources before making legal or licensing decisions.
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