Ministry of Finance was established in 1925 to undertake the responsibility of the financial policy, organize and preserve the State properties and to be the general reference for all finances in all Kingdom’s regions. MOF’s vision is focused on enabling Saudi Arabia to be among the top 15 economies in the world by 2030 through a distinguished financial system that relies on values and principles of partnership, transparency, accomplishment and commitment. Moreover, MOF’s mission is outlined in setting effective financial policies, managing the financial resources in order to achieve stability, economic growth and financial sustainability, increasing the spending efficiency, promoting the partnerships with the private sector through effective governance and enabling the Kingdom’s influence on the financial community regionally and globally.
MOF’s key strategic objectives to accomplish its vision and mission are as follows: to develop sustainable financial policies, effectively allocate and manage the financial resources, improve quality of the financial accounts, enhance transparency along with the optimal utilization of State’s assets and innovative financing, promote the regional and international standing of Saudi Arabia, enable digital transformation of MOF, qualify the staff within a productive environment and enhance change and communication management.