Regulatory Alerts2020-05-29
The Resumption of Finance Companies Business
The Saudi Arabian Monetary Authority mandates the full resumption of operations and branch activities for finance companies in the Kingdom starting May 31, 2020, following a prior suspension. Companies must implement gradual returns to office while strictly adhering to Ministry of Health protocols, including social distancing, temperature screening at entrances, continuous disinfection, and mask provision. The directive further requires setting maximum customer limits per branch, maintaining pre-curfey working hours, and sustaining awareness campaigns to promote digital channel usage.
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