πŸ‡ΈπŸ‡¦ SaudiBizCode 2026
πŸ”
SSIC 661103 activity

Securities clearing

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Compliance Risk Score

70/100
  • Verified against GASTAT/Official source
  • Complete hierarchy structure
  • Nitaqat localization rules mapped
  • GOSI registration status verified
  • Regulatory compliance requirements detailed

πŸ“Œ Description

SSIC 661103: Securities clearing. Supervised by Capital Market Authority. Used for company registration, Nitaqat, and licensing in Saudi Arabia.

πŸ“– Description

Perform securities clearing operations, and demonstrate the rights and obligations arising from securities trading activities and covering positions resulted from these activities and all deductions and additions to the accounts specified to these purposes. It also may receive and accept collaterals and take necessary procedures and actions including managing the default fund.

Supervisory entity: Capital Market Authority

Licensing entity: Capital Market Authority

Occupations Related to this Activity

241310 Securities Trading Specialist 331102 Securities broker 241101 Accountant 241102 Cost Accountant 241103 β€ŽStaff Auditor 241104 β€ŽTreasurer 241105 - External Auditor

Related Codes

661101 Securities listing and trading 661102 Securities depositary and settlement

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 661103?

SSIC code 661103 corresponds to 'Securities clearing' 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 661103?

Use SSIC code 661103 when your main business activity is 'Securities clearing'. 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 661103?

Saudization (Nitaqat) rates vary by sector and company size. Check the HRSD/Qiwa platform for the current rate applicable to SSIC code 661103. 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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