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2019-04-22

Allowing Branches Located in Cities and Military/Air Bases to Operate Outside Official Working Hours

The Saudi Central Bank has approved additional working hours, capped at three per day, for bank branches located in cities and military or air bases during official working days. This extension permits these branches to operate outside standard hours exclusively for financing and credit services, provided compliance with the Labor Law. The Bank must be formally notified of all participating branches and their specific extended schedules to ensure regulatory oversight.

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Saudi Central Bank

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In the Name of Allah, the Most Gracious, the Most Merciful

Saudi Central Bank Headquarters

Banking Policy Department

Ref. No.: 51518/67 Date: 17/08/1440 AH Attachments: None

Circular

To the Esteemed, Peace, mercy and blessings of Allah be upon you,

Subject: Allowing additional working hours for branches located in cities and military/air bases.

In light of the Bank's active contributions to national programs, and in support of the vision of the program of His Royal Highness Prince Mohammed bin Salman "I'tizaz", referenced in Circular No. 24543/99 dated 18/04/1440 AH, which aims to provide a distinguished level of care and attention to all military personnel, thereby ensuring their well-being and fair status.

Furthermore, based on Article 16 of the Banks Control Law, and following Circular No. 35487/BAF/586 dated 09/10/1427 AH regarding bank branches' working hours for the public, and Circular No. 33422/67 dated 28/05/1440 AH regarding allowing branches located in or adjacent to government entities to change their working hours, we inform you that additional working hours have been approved for branches located in cities and military/air bases, subject to the following conditions:

  1. The branch must be located in a city headquarters or a military/air base.
  2. The additional hours for branch operations must fall within official working days, not exceeding three working hours.
  3. Operations during the additional hours must be limited exclusively to services related to financing and credit products, without providing any other banking services.
  4. The addition of working hours must not violate the provisions of the Labor Law and its executive regulations.
  5. The Bank must be notified of the list of branches whose working hours have been extended, along with their specific working hours.

Yours sincerely,

Fahd bin Ibrahim Al-Shatri Deputy Governor for Supervision

To: Banks and financial institutions operating in the Kingdom.

P.O. Box 2992, Riyadh 11169, Telegram: MARKAZI, Telex: 404400, Tel: 4663000, Fax: 4662414

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