2018-08-15
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.
In the Name of Allah, the Most Gracious, the Most Merciful Saudi Central Bank (SAMA) Head Office
Banking Supervision Department Reference No.: ............................................................ Attachments: ..........................................................
| Reference No.: | 53956 / 41 | | Date: | 1439/12/04 (Hijri) | | Attachments: | None |
(Circular / Urgent)
To: ............................................................, Esq. Institution / Company
Greetings,
Subject: Resumption of Money Exchange Activities for Salah Al-Din Saleh Kaaki Exchange Establishment
With reference to the Bank's Circular No. 391000090423 dated 1439/08/23H regarding the decision to temporarily suspend Salah Al-Din Saleh Kaaki Exchange Establishment from conducting its business,
Please be informed that the resumption of business for the aforementioned institution has been approved. Accordingly, please take the necessary actions regarding transactions with them and verify their effective compliance with all relevant regulatory and supervisory controls.
Yours sincerely,
[Signature] Fahd bin Ibrahim Al-Shathri Deputy Governor for Supervision
On behalf of / Ayman bin Mohammed Al-Sayari Deputy Governor for Investment
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