2021-07-12
The Saudi Central Bank issued this circular mandating all banks and financial institutions operating in the Kingdom to accept documents, instruments, and certificates electronically authenticated by designated Chambers of Commerce. The directive requires financial institutions to verify these authentications using the specific online links provided in the attached list, thereby standardizing cross-sector verification. Chambers lacking dedicated electronic portals will continue to operate under manual authentication procedures, ensuring a unified framework for commercial documentation.
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Saudi Central Bank
Reference No.: 42085168 Date: 1442/12/02 Attachments: 1
Circular
To: Respected Banks and Financial Institutions,
Peace be upon you,
Subject: Approval of Documents, Instruments and Certificates Electronically Approved by Chambers of Commerce.
I refer to the electronic services provided by Chambers of Commerce for authenticating documents, instruments and certificates issued by the subscribers' sector via the Chamber's electronic website.
The Saudi Central Bank confirms that banks and financial institutions operating in the Kingdom shall approve all documents and instruments electronically authenticated by Chambers of Commerce. Please note that verification of authentication is conducted through electronic links according to the attached list.
For your information and necessary action.
Yours sincerely,
Yazeed bin Ahmed Al-Sheikh General Manager of Banking Supervision
Distribution Scope:
P.O. Box 2992, Riyadh 11169, Kingdom of Saudi Arabia | Tel: +966 11 4633000
List of Chambers and Electronic Links