2004-12-30 | TED/AD/01/2005

Requirements for New Banking License

This letter is a notification sent to all authorized dealers regarding the 2005 Hajj Pilgrimage and the purchase of pilgrims' traveling allowance (PTA) in Saudi Riyads traveler's cheques. It provides an updated table of additional numbers of pilgrims from various states, along with their respective allocation for the PTA. The letter reiterates that all conditions on the sale of PTAs remain in effect and must be complied with accordingly. The Director of Trade & Exchange Department, O.O. Akanji (Mrs.), is signing off on this correspondence.

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licensing
capital
governance
operational
infosec
aml
kyc