Regulatory Alerts2022-03-15
Eid al-Fitr and Eid al-Adha Holidays for the Year 1443H
The Saudi Central Bank issued a circular mandating specific holiday schedules for financing companies operating in the Kingdom. The Eid al-Fitr break commences at the close of business on 28 April 2022 (27/09/1443H) and resumes on 8 May 2022 (07/10/1443H), while the Eid al-Adha period begins on 6 July 2022 (07/12/1443H) and concludes with operations restarting on 13 July 2022 (14/12/1443H). These dates, calculated according to the Umm al-Qura calendar, apply to all licensed financing companies, financial support entities, leasing contract registration firms, and the Saudi Company for Mortgage Refinancing.
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