Prompt Implementation of Judgments and Judicial Decisions

9040987595

In the Name of Allah, the Most Gracious, the Most Merciful Saudi Arabian Monetary Authority (SAMA) Head Office

Legal Department No.: 351000036574 Date: 1435/03/20 Attachments:

Circular

His Excellency,

Greetings,

Subject: Commitment to the Prompt Implementation of Judgments and Judicial Decisions Issued Against You

Respect for judgments and decisions issued by various judicial authorities is a fundamental pillar in maintaining the legal stability of any sector, contributing to the swift realization of rights by their owners and preventing the disruption of their interests. Furthermore, any authority's initiative to promptly implement judgments and judicial decisions issued against it demonstrates sound management and resilience.

Therefore, those authorities and sectors must exercise considerable care, attention, and follow-up to ensure the receipt of judgments and judicial decisions and implement them as quickly as possible without delay or procrastination. If the authority against which a judgment or decision is issued holds a contrary view, it must be presented to the relevant competent authorities in accordance with the regulations and within the specified timeframes without delay.

For your information and to instruct the concerned departments accordingly.

Yours sincerely,

[Signature] Fahd bin Abdullah Al-Mareek Governor

Distribution Scope:

• Banks operating in the Kingdom.
• Insurance and reinsurance companies, and licensed professionals.
• Financing companies.
• Foreign exchange service providers.
• Credit information companies.

P.O. Box 2992, Riyadh 11169, Central Telegraph: 404400, Telephone: 4633000 - Fax: 4663655