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2019-02-03

Allowing Bank Branches Located in or Next to Government Buildings to Change Working Hours

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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Saudi Arabia

Saudi Central Bank

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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:

  1. The branch must be located within a government institution's premises or adjacent to it.
  2. The branch must primarily serve the staff or visitors of that institution.
  3. The branch's working hours shall be eight flexible hours, from 7:00 AM to 5:00 PM.
  4. The branch's working hours must be clearly advertised at the branch entrance and through other appropriate advertising channels.
  5. The Bank must be notified of the list of branches whose working hours have been changed.

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:

  • Banks operating in the Kingdom

P.O. Box 2992, Riyadh 11169, Telegram: MARKAZI, Telex: 404400, Tel: 4633000, Fax: 4662414

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