Regulatory Alerts2026-07-13
Added · Updated
Central Bank Circular No. 10/1/5134 Amendment Regarding Checkbook Issuance
The Central Bank of Saudi Arabia amends Paragraph 4 of Circular No. 10/1/5134 to restrict its application to individual customers, thereby granting banks flexibility in dealing with the corporate sector. This amendment addresses difficulties banks faced in applying the original provision to corporate customers, particularly in the trade sector. All other paragraphs of the circular remain mandatory for both individual and corporate sectors when issuing checkbooks.
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