Financing Product for Private Dental Healthcare Facilities

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

Saudi Central Bank
Office of the Deputy Governor for Supervision Headquarters

No. :
Attachments: None

Circular

No. 59878/67
Date: 1440/10/07
Attachments: None

To the Esteemed,

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

Subject: Financing Product for Private Dental Healthcare Facilities.

I refer to the Royal Order No. 52757 dated 1439/10/17 AH, which in Item (First) approved the recommendations of the committee established by Royal Order No. 58005 dated 1437/12 AH to study the employment opportunities for dental college graduates from all aspects, and which included instructing the Saudi Central Bank and the Social Development Bank to coordinate and authorize banks to launch a financing product for private dental healthcare facilities.

In line with the objectives of the aforementioned Royal Order to create employment opportunities for Saudi dental college graduates, the Bank urges banks, commercial banks, and financing companies to launch a financing product to support Saudi dentists in establishing their private facilities, meeting their needs and aligning with their scientific specializations.

Yours sincerely,

Fahd bin Ibrahim Al-Shathri
Deputy Governor for Supervision

Distribution Scope:

• Banks and commercial banks operating in the Kingdom.
• Financing companies operating in the Kingdom.

P.O. Box 2992, Riyadh 11169, Tel: 4662300 - Fax: 4662543