Acceptance of Premium Residence as an Approved Identity

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

Saudi Arabian Monetary Authority Headquarters

Office of the Deputy Governor for Supervision

Reference No.: 41050726
Date: 1441/07/27 (AH)
Attachments: 1 Form

Attachment: Form

Circular

To the Esteemed,

Peace, mercy, and blessings of Allah be upon you.

Subject: Confirmation of Acceptance of Premium Residence as an Approved Identity.

I refer to the regulatory and supervisory role of the Saudi Arabian Monetary Authority over private financial institutions, granted pursuant to its powers under Royal Decree No. (5/m) dated 27/04/1386 AH, the Cooperative Insurance Companies Control System issued by Royal Decree No. (32/m) dated 02/07/1426 AH, the Financing Companies Control System issued by Royal Decree No. (51/m) dated 13/08/1433 AH, the Regulations Governing Money Changer Services issued by Ministry of Finance Decision No. (1357) dated 01/05/1432 AH, and the Council of Ministers Decision No. (266) dated 02/05/1440 AH, which designate the Authority to regulate and supervise the payments sector. I also refer to Royal Decree No. (107/m) dated 10/09/1440 AH approving the Premium Residence System.

The Authority wishes to confirm the acceptance of Premium Residence, in both its types (permanent and fixed-term), issued by the Premium Residency Center, as an approved identity that entitles holders to benefit from financial products and services provided by financial institutions. (Attached is the form for permanent and fixed-term Premium Residence cards.)

For information and action as of its date.

Yours sincerely,

Faisal bin Ibrahim Al-Shamri
Deputy Governor for Supervision

Distribution Scope:

• Banks and financial institutions operating in the Kingdom
• Financing and leasing companies operating in the Kingdom
• Insurance sector companies operating in the Kingdom
• Category (B) money changer companies and institutions operating in the Kingdom
• Payment service companies operating in the Kingdom

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Premium Residency Center
PREMIUM RESIDENCY CENTER

Sample of the Saudi Premium Residence Card Format (Permanent and Fixed-Term) www.saprc.gov.sa

Permanent

Residence Holder

• KINGDOM OF SAUDI ARABIA
  SAUDI PREMIUM RESIDENCY
  Premium Residency Center

• Reference No.
  No. 01
  Nationality
  Nationality:
  Date of Birth
  DOB: 19/09/1979
  Gender
  Gender:
  Marital Status
  Marital Status:

• Dependent Card

Fixed-Term

Residence Holder

• KINGDOM OF SAUDI ARABIA
  SAUDI PREMIUM RESIDENCY
  Premium Residency Center

• Reference No.
  No. 01
  Nationality
  Nationality:
  Date of Birth
  DOB: 19/09/1979
  Gender
  Gender:
  Marital Status
  Marital Status:

• Dependent Card

SAPRC.GOV.SA