Automating Ministry of Finance Requests for Government Agency Accounts at Saudi Commercial Banks via the Hisab E-Portal

Automization of the Requests of the Ministry of Finance Regrading Government Agencies’ Accounts Held with Commercial Banks Operating in Saudi Arabia Through the E-Portal “Hisab” No:
42076931
Date(g):
13/6/2021
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Date(h):
4/11/1442
Translated Document
Referring to the role of SAMA in supervising and regulating financial institutions under its oversight, based on the powers granted to it by the Banking Control Law issued by Royal Decree No. (M/5) dated 22/02/1386H , and the Rules for Bank Accounts communicated in Circular No. 65681/67 dated 01/11/1440H , and SAMA's initiative to facilitate the processing of requests from the Ministry of Finance related to (opening, activating, closing, modifying the name of) accounts for government entities at commercial banks operating in the Kingdom in a technical manner to enhance the quality of related procedures, speed up their execution, and ease access to the data associated with these requests through the electronic portal "Hisab." Based on the previous arrangements that the Bank's commissioners have been informed of and provided with the data regarding the use of the electronic portal, we inform you that requests from the Ministry of Finance related to accounts for government entities at all commercial banks under the supervision of SAMA will be processed through the electronic portal "Hisab" according to the attached guide and the powers granted to your designated representatives to handle these requests, starting from Tuesday, 15/06/2021G. SAMA also emphasizes the importance of directing your specialists to activate their accounts and ensure that all related procedures are completed promptly. They should adhere to and comply with the instructions governing the electronic portal "Hisab" and make the necessary effort and care to process all requests received through the program immediately and as required. It is noted that the responsibility for monitoring the processing of these requests rests with the bank. If there are any inquiries in this regard, please contact via email ( GovAccountsInBanks@SAMA.GOV.SA ).

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