The objective for having LEI is to enable companies, enterprises and any legal firms to comply with all related rules and regulations and various reporting requirements, while at the same time enhancing creditability and transparency.

As Saudi Arabian Monetary Authority (SAMA) is eager to meet international requirements with regard to identifying legal entities to enhance financial stability and elevate transparency by encouraging all legal entities and companies from all sectors to have their own unique LEIs for their own entities, a new camping is developed: To Be Identified. SAMA is member of LEI Regulatory Oversight Committee (LEI ROC) which oversees and regulates all activities of Global Legal Entity Identifier Foundation (GLEIF).

To Be Identified campaign is an educational campaign supervised by SAMA & developed by SIMAH (as an official Local Operating Unit accredited by GLIEF) with an aims at prompting MOARIF and encouraging all legal entities to have their own LEIs.

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