Subscribing in SMS Services

In the Name of Allah, the Most Gracious, the Most Merciful

Saudi Central Bank Headquarters

Office of the Deputy Governor for Supervision

No.: 12050/67 Date: 1441/02/24 Attachments: None

Circular

To: Respected Entities, Peace be upon you,

Subject: Subscription to SMS Services.

With reference to the telegram from His Excellency the Minister of Communications and Information Technology No. 338/41/1 dated 1441/01/13H regarding the regulation of subscription to SMS services in accordance with the terms and conditions for Category (B) licenses, which stipulates contracting exclusively with service providers licensed by the Communications, Space and Technology Commission (CITC).

You are hereby informed that all financial institutions operating in the Kingdom must contract exclusively with SMS service providers licensed by the Communications, Space and Technology Commission (CITC), and such licenses can be verified by visiting the Commission's website (www.citc.gov.sa).

For your information and action, effective as of the date hereof.

Yours sincerely,

Fahd bin Ibrahim Al-Shathri Deputy Governor for Supervision

On behalf of / Hashim bin Uthman Al-Haqeel Deputy Governor for Development, Financial Sector

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Footnote Scope of Distribution:

• Banks operating in the Kingdom.
• Financing companies operating in the Kingdom.
• Insurance sector companies operating in the Kingdom.
• Payment service providers operating in the Kingdom.
• Exchange centers (A, B) operating in the Kingdom.

P.O. Box 2992, Riyadh 11169, Tel: 4662200 - Fax: 4662543