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ADNOC Distribution 2025 dividend $700m

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Saudi Arabia, Egypt sign MoU to enhance anti-corruption cooperation

  • The MoU is expected to facilitate exchanging expertise and information related to corruption crimes
  • It is also expected to lead to the development of the institutional capacity of the two countries in this field

Saudi Arabia’s Oversight and Anti-Corruption Authority (Nazaha) and Egypt’s Administrative Control Authority (ACA) have joined hands to strengthen international cooperation in the prevention and combating of corruption, official sources have said.

The Memorandum of Understanding (MoU) is also expected to facilitate exchanging expertise and information related to corruption crimes, as well as the development of the institutional capacity of the two countries in this field.

The agreement was signed by Nazaha Chairman Mazin Al-Kahmous and his ACA counterpart Major General Hassan Abdel Shafi Ahmed at Sharm El-Sheikh in Egypt on Sunday, December 12, the official sources said.

The MoU reportedly comes within the framework of implementing Nazaha’s national strategy to protect the integrity and combat corruption.

The strategy also looks to contribute to the efforts made to enhance, develop, and document regional, Arab and international cooperation in integrity protection and combating corruption, and the Authority’s regulations.

This apparently requires cooperation with regional and international bodies and organizations active in this field in addition to the United Nations Convention against Corruption.