Regulatory Alerts2024-07-10
Supporting the Programs of the Martyrs, Wounded, Prisoners of War and Missing Persons Fund
Saudi Central Bank issued this circular to direct local banks and financial institutions to support the Martyrs, Wounded, Prisoners of War and Missing Persons Fund through their corporate social responsibility initiatives. Building on prior Council of Ministers approval that established the fund’s legal and financial independence, the directive invites banks to coordinate directly with the Fund regarding program support. The circular applies to all domestic banking entities and formalizes a structured mechanism for aligning bank CSR efforts with the Fund’s operational needs.
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