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.
Saudi Central Bank SAMA
43069544 Date: 12/08/1443 Attachments:
Circular
Respected Gentlemen, Peace, mercy, and blessings of God be upon you,
Subject: Holidays for the Blessed Eid al-Fitr and Eid al-Adha for the Year 1443H.
Based on Article Twenty-One of the Financing Companies Supervision System, and Article Two of the Executive Regulations of the Financing Companies Supervision System, the Saudi Central Bank confirms compliance with the following:
First: The Eid al-Fitr holiday begins at the end of business on Thursday, 27/09/1443H corresponding to 28/04/2022G, and financing companies resume operations on Sunday, 07/10/1443H corresponding to 08/05/2022G (according to the Umm al-Qura calendar).
Second: The Eid al-Adha holiday begins at the end of business on Wednesday, 07/12/1443H corresponding to 06/07/2022G, and financing companies resume operations on Wednesday, 14/12/1443H corresponding to 13/07/2022G (according to the Umm al-Qura calendar).
May you be well every year.
Fahd bin Ibrahim Al-Shathri Deputy Governor for Supervision
Distribution Scope:
- A copy to the Office of His Excellency the Governor.
- Financing companies operating in the Kingdom.
- Financial support companies licensed by the Saudi Central Bank.
- Leasing contract registration companies licensed by the Saudi Central Bank.
- Saudi Company for Mortgage Refinancing.
P.O. Box 2992, Riyadh 11169, Kingdom of Saudi Arabia | Phone: +966 11 463 3000