Providing Services for Issuing and Verifying Documents Electronically

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

Saudi Central Bank (SAMA) Head Office

Banking Policies Department

Reference No.: Attachments: None

Circular Ref. No.: 41071604 Date: 28/12/1441 AH Attachments: None

Dear Sirs,

Peace, mercy and blessings of God be upon you,

Subject: Making available the service for issuing documents and verifying their authenticity electronically.

Based on the powers vested in the Saudi Central Bank under the SAMA System issued by Royal Decree No. (23) dated 23/05/1377 AH, and the Banking Control System issued by Royal Decree No. (5/M) dated 22/02/1386 AH, and in light of the objectives of the Vision supporting digital infrastructure development, and with the Bank's keenness to develop the financial sector and keep pace with the latest digital technologies. Since banks issue a number of documents upon request from their clients, including for example: clearance certificate and no-objection letter for salary transfer, customer account confirmation letter. In order to facilitate business operations and contribute to ensuring the integrity of transactions; it is required for all banks to make available the service for issuing documents and verifying their authenticity electronically, with the importance of including in these documents confirmation of information confidentiality and the bearer's responsibility to preserve them.

For your information and action, and to provide the Bank with an implementation plan within one month from its date.

Yours sincerely,

Fahd bin Ibrahim Al-Shatiri Deputy Governor for Supervision

Distribution Scope: Banks and financial institutions operating in the Kingdom.