2019-02-03
Added · Updated
The Saudi Central Bank permits bank branches located in or adjacent to government buildings to adjust their operating hours to align with the respective institutions' schedules. To qualify, branches must primarily serve government staff or visitors, operate within eight flexible hours between 7:00 AM and 5:00 PM, clearly advertise their adjusted hours at the entrance and through other channels, and submit a list of affected branches to the Bank. This circular amends previous banking regulations by granting operational flexibility while ensuring transparent public communication and regulatory oversight.
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In the Name of Allah, the Most Gracious, the Most Merciful Saudi Central Bank Headquarters
Banking Policy Department
Ref. No.:
Attachments: None
Circular
Date: 1440/05/28
Attachments: None
Respected Banks,
Peace, mercy, and blessings of Allah be upon you,
Subject: Allowing Bank Branches Located in or Next to Government Buildings to Change Working Hours.
Pursuant to Article 16 of the Banking Control Law, and in continuation of Circular No. 35487/BA/586 dated 1427/10/9 AH regarding bank working hours for the public, we wish to inform you that it has been decided to allow branches located in or adjacent to government institutions to adjust their working hours to align with those of such institutions, subject to the following conditions:
Yours sincerely,
Fahd bin Ibrahim Al-Shathri
Deputy Governor for Supervision
On behalf of / Hashim bin Uthman Al-Haqeel
Deputy Governor for Banking Operations
Distribution Scope:
P.O. Box 2992, Riyadh 11169, Telegram: MARKAZI, Telex: 404400, Tel: 4633000, Fax: 4662414
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Source: Saudi Central Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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