Regulatory Alerts2018-08-15
Resuming money exchange activities for Salah Al-Din Saleh Kaaki Exchange Establishment
The Saudi Central Bank (SAMA) has approved the resumption of money exchange activities for Salah Al-Din Saleh Kaaki Exchange Establishment following its temporary suspension. All regulated banks, Category A and B money exchange firms, and the Center of Excellence are instructed to resume transactions with the institution while verifying its continuous compliance with applicable regulatory and supervisory controls. This directive supersedes prior suspension measures and mandates immediate operational adjustments to align with the Bank's Circular No. 391000090423 dated 1439/08/23H.
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