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 | |||||||||
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Financial and insurance activities | 661911 | Providing smart, secure, electronic payment services for sale points and outlets (ATM/ Cash Deposit Machines) |
Description : " Manage, operate and process solutions for (point of sale, ATM / CDM, secure and smart electronic payment). Hierarchy of the Economic Activity
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Financial and insurance activities | 662111 | Observation and estimate of losses |
Description : Conducting a check and inspection of the insurance shop before insure, and examining the damages after the loss to find out the causes of the loss, assessing their value and determining liability Hierarchy of the Economic Activity
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Financial and insurance activities | 662120 | Settlement of insurance claims |
Description : TPAs companies authorized to work in Saudi Arabia through SAMA and qualified from CCHI to manage health claims settlements for insurance companies to do: Hierarchy of the Economic Activity
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Financial and insurance activities | 662200 | Insurance agency |
Description : Represent the insurance company for a fee, market and sell insurance policies, and all the work you normally do on or on behalf of the company Hierarchy of the Economic Activity
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Financial and insurance activities | 662211 | Insurance brokerage |
Description : Conducting with the insurance company for a fee to complete the insurance process Hierarchy of the Economic Activity
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