Regulatory Alerts2021-03-31
Added · Updated
Extension of Validity for Circular on Prizes Related to Savings Accounts
The Central Bank of Saudi Arabia extends the validity of Circular no. 27/5/3808 regarding prizes related to savings accounts until the end of 2021. This extension maintains the original conditions and controls, requiring all banks operating in the Kingdom to obtain prior approval from the Central Bank before announcing or promoting any prizes related to all accounts. The directive applies to all banks under the authority of Governor Dr. Ziad Fariz.
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