Regulatory Alerts2020-03-11
Fees for Banking Services Provided to Companies and SMEs
The Saudi Central Bank requires all domestic banks to obtain its prior no-objection before imposing any fees on banking services provided to companies and SMEs. This mandate ensures that fee structures align with the Bank's objectives of supporting private sector growth and facilitating seamless access to banking services. The requirement takes immediate effect upon issuance and applies uniformly across all banks operating within the Kingdom.
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