Encouraging the Presence and Provision of Banking Services in the Central Areas of the Two Holy Mosques

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Saudi Central Bank

Reference No.: 45070207
Date: 12/11/1445 AH
Attachments: None

Circular

To: Respected Banks,
Peace, mercy, and blessings of God be upon you,

Subject: Encouraging the Presence and Provision of Banking Services in the Central Areas of the Two Holy Mosques.

Based on the Saudi Central Bank's authority to issue instructions related to financial institutions and their operations in accordance with its system issued by Royal Decree No. (M/36) dated 11/04/1442 AH, and the SAMA Circular No. (45052183) dated 11/08/1445 AH regarding the extension of operating hours for branches in Makkah Al-Mukarramah and Madinah Al-Munawwarah, and to enhance efforts to elevate the experience of the Guests of God, and facilitate their access to financial services for currency exchange and conversion for Umrah pilgrims and Hajj pilgrims.

Accordingly, the Saudi Central Bank encourages local banks and their affiliated money transfer centers to be present in the central areas of the Two Holy Mosques and provide banking services and money transfer services, to serve pilgrims, Umrah visitors, and tourists, subject to operating within the approved schedule for working hours and in compliance with relevant instructions.

Yours sincerely,

(Signature)
Yazeed bin Ahmed Al-Sheikh
Deputy Governor for Supervision

Distribution Scope:

• Local banks and financial institutions.
• Money transfer centers affiliated with local banks in the Kingdom.

P.O. Box 2992 Riyadh 11169, Kingdom of Saudi Arabia Tel: +966 11 463 3000 P.O. Box 2992 Riyadh 11169, Kingdom of Saudi Arabia Tel: +966 11 463 3000

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