Saudi Aramco GI 21.201 APPROVAL AUTHORITY
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This document, Saudi Aramco General Instruction GI 21.201, precisely defines the approval authorities mandated for all Company operations. It comprehensively details the principles, delegation processes, verification procedures, and external authority grants governing financial and corporate approvals.
The instruction outlines who holds signature authority, how approval powers are delegated across various organizational levels and to external parties, and the mechanisms for clarifying and verifying these authorities. It also introduces the Approval Authority Engine (AAE) within SAP PRC, a critical system for managing and automating financial approval workflows.
Understanding these directives is crucial for maintaining compliance, operational efficiency, and sound financial governance within Saudi Aramco projects and transactions. This guide ensures that all expenditures and contractual commitments are properly authorized, thereby mitigating risks and upholding corporate standards.
Ideal for Finance Managers, Contract Administrators, Department Heads, and Compliance Officers working in the oil and gas industry or similar large-scale industrial organizations.