Investing the funds of the Holding Companies subsidiaries
استثمار أموال الشركات التابعة للشركات القابضة
Compliance Risk Score
75/100- Verified against GASTAT/Official source
- Updated for 2026 classification
- Complete hierarchy structure
- Regulatory compliance requirements detailed
📌 Description
SSIC 642002: Investing the funds of the Holding Companies subsidiaries. Supervised by Ministry of Commerce. Used for company registration, Nitaqat, and ...
📖 Description
Non-commercial activities practiced by Holding Companies to invest the funds of their subsidiaries or joint companies that they have a dominant share in their capital in stocks and .other securities
Supervisory entity: Ministry of Commerce
Licensing entity: Ministry of Municipal and Rural Affairs
Occupations Related to this Activity
Related Codes
When to use this code
Ministry of Commerce — Commercial Registration
Saudization quotas by sector via Qiwa
Permits from supervisory authorities
National reporting — GASTAT
FAQ
What is SSIC code 642002?
SSIC code 642002 corresponds to 'Investing the funds of the Holding Companies subsidiaries' 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 642002?
Use SSIC code 642002 when your main business activity is 'Investing the funds of the Holding Companies subsidiaries'. 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 642002?
Saudization (Nitaqat) rates vary by sector and company size. Check the HRSD/Qiwa platform for the current rate applicable to SSIC code 642002. Rates were updated in 2025-2026 for most sectors.
Data source: General Authority for Statistics (GASTAT) — SSIC/SSCO 2026 Edition.
This data is cross-checked with Qiwa, HRSD, and ZATCA portals to ensure accuracy for business compliance.