Regulatory Alerts2023-03-06
Eid Al-Fitr and Eid Al-Adha Holidays for 1444H
The Saudi Central Bank issued a circular mandating specific holiday periods for financing companies operating in the Kingdom based on the Umm al-Qura calendar. The Eid Al-Fitr break runs from Monday, 17 April 2023 (26/09/1444H) through Tuesday, 25 April 2023 (05/10/1444H), while the Eid Al-Adha break extends from Thursday, 22 June 2023 (04/12/1444H) through Sunday, 2 July 2023 (14/12/1444H). These dates apply to all licensed financing companies, the Saudi Real Estate Refinancing Company, and authorized leasing contract registration entities.
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