Updating the requirements for appointment to leadership positions in financial institutions supervised by the Saudi Central Bank

Saudi Central Bank (SAMA)

Reference No.: +2064776 Date: 1442-09-13 Attachments: None

Circular

To: The Concerned Parties,

Peace, mercy and blessings of God be upon you,

Subject: Updating the requirements for appointment to leadership positions in financial institutions supervised by the Saudi Central Bank.

Reference is made to the second edition of the requirements for appointment to leadership positions in financial institutions supervised by the Saudi Central Bank, pursuant to Circular No. 1994/67 dated 10/01/1441H.

Please be informed that the aforementioned requirements have been updated to include "activities supporting financing activities", and the updated version can be viewed through the Saudi Central Bank's website.

For information and action as of its date. Yours sincerely,

Fahd bin Ibrahim Al-Shathri Deputy Governor for Supervision

Distribution Scope:

• Banks and financing institutions operating in the Kingdom.
• Financing companies, real estate refinancing companies, financial lease contract registration companies, and supporting financing activity companies operating in the Kingdom.
• Credit information companies operating in the Kingdom.
• Exchange companies and institutions operating in the Kingdom.
• Payment companies and payment systems operating in the Kingdom.

P.O. Box 2992, Riyadh 11169, Kingdom of Saudi Arabia Tel: +966 11 463 3000