Last update 15 / 09 / 2021
The National Classification for the Economic Activities is derived from the International Standard Industrial Classification of All Economic Activities, forth version (ISIC4) and issued by the United Nations Economic and Social Council. Its main purpose is to provide a set of sections, groups, branches and categories of activities that can be used to collect and publish statistics according to the activities. The Classification for Economic Activities can be defined as the way in which counting units can be collected according to a serial order and defined by homogeneous groups with a view to creating a general framework for comparison of statistical data at the local, regional and international levels, where the data of the economic activity can be divided according to the guide prepared for this to specific levels in a manner similar to the characteristics of economic activities classified in one rank. This similarity is in the type and use of goods and services produced, related services, intermediate inputs, technology used and funding methods.
The establishment or the unit of the economic activity type is the basis of this classification, where the units involved in the formation of the different economic sectors are classified in the appropriate place in the classification according to the main economic activity that they operate, regardless of ownership or method of work.
The classification aims at providing a set of statistical data according to the economic aspects of production, workers, wages, physical capital assets, profits, losses and budgets, as well as providing a comprehensive framework for economic activities.
The classification consists of sections, groups and categories at the level of the fourth limit in addition to branches, economic activity and its description.
CHAPTER NAME | ACTIVITY CODE | ACTIVITY NAME | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Financial and insurance activities | 641933 | Management and Operating cash Centers |
Description : Manage and operate cash centers which include counting, sorting, safeguard, custody of valuables, monitor services and insurance coverage to serve Bank's branches, SAMA, ATMs/CDMs. Hierarchy of the Economic Activity
|
||||||||
Financial and insurance activities | 641934 | The Banking Agencies |
Description : An agent (a legal entity contracted by a licensed commercial bank) provides banking services and products on behalf of the bank to its customers, which is contractually defined between the two parties in accordance with the rules issued by the Saudi Arabian Monetary Authority; expands the reach of banking services and financial inclusion for individuals through increasing and diversifying the banking channels available for obtaining financial services; facilitates the process of obtaining financial services; makes them available in different regions through an alternative channel for bank branches in regions that are deprived of banking channels for providing banking services; and facilitates individuals in obtaining the necessary financial services without trouble or hardship. Hierarchy of the Economic Activity
|
||||||||
Financial and insurance activities | 642001 | Management of Holding Companies subsidiaries |
Description : Non-commercial activities practiced by Holding Companies to manage their subsidiaries or the joint companies that they have a dominant share in their capital and to provide the necessary Hierarchy of the Economic Activity
|
||||||||
Financial and insurance activities | 642002 | Investing the funds of the Holding Companies subsidiaries |
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 Hierarchy of the Economic Activity
|
||||||||
Financial and insurance activities | 642003 | Possessing real estate and movables required for Holding Companies |
Description : Non-commercial activities practiced by Holding Companies to own real estate and movables needed for their subsidiaries or joint companies that they have a dominant share in their capital . Hierarchy of the Economic Activity
|