Fees for Banking Services Provided to Companies and SMEs — SAMA — SA

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

Saudi Central Bank
Headquarters

Banking Policy Department

Ref. No.: 41049544
Date: 16/07/1441
Attachments: None

Circular

To: Respected Banks,

Peace, mercy, and blessings of Allah be upon you.

Subject: Fees for Banking Services Provided to Companies and SMEs.

Based on the authorities vested in the Bank by its System issued by Royal Decree No. (23) dated 23/5/1377H, and the Banking Control System issued by Royal Decree No. M/5 dated 22/2/1386H,

and in light of the Bank's role in supporting and developing the private sector and its enterprises, removing facing difficulties, and enabling access to all banking services with ease, please be informed that the Bank's no-objection must be obtained before imposing any fee on banking services provided to companies and SMEs, ensuring that these fees do not affect the achievement of the Bank's aforementioned objectives.

For your information and action, effective as of the date hereof.

Yours sincerely,

Fahd bin Ibrahim Al-Shathri
Deputy Governor for Supervision

Distribution Scope:

Banks operating in the Kingdom.

P.O. Box 2992, Riyadh 11169 | Telegram: MARKAZI | Telex: 404400 | Tel: 4633000 | Fax: 4662414