Saudi Arabia’s Ministry of Finance (MoF) has secured the Business Continuity Management System Certification (BCMS) based on the ISO 22301:2019, which reflects the Ministry’s operating efficiency in accordance with the requirements set by the International Organization for Standardization (ISO).
Commenting on the achievement, Mr. Mohammed Abdulaziz Rifqi, General Manager of the Ministry of Finance’s Department of Business Continuity Management stated that awarding the Ministry with this global recognition is in line with the steps taken to apply the required processes and controls to ensure the continuity of all critical operations in the time of crises.
The Ministry has been working at a rapid pace over the recent past to develop the necessary policies and procedures in the areas of governance, risk management, and business continuity in line with its vision and strategic objectives, indicating that it is fully prepared to deal with the occurrence of various types of variables and has the ability to maintain business continuity in all circumstances.
Mr. Rifqi added that acquiring the ISO certification is an important addition to the MoF series of achievements and it reflects that the ministry’s operations are run in conformity with the highest international standards. This will further strengthen its position and reliable performance with its partners at the local, regional, and global levels, and will reflect favorably on its entire business and operations.
The BCMS is MoF’s third worldwide success in complying with globally recognized standards established by ISO. The Ministry has already obtained “ISO/IEC 20000-1:2018” and “ISO 9001:2015,” which helps in realizing leadership orientations aimed at strengthening the reputation of government agencies.