Regulatory Alerts2020-09-10
Added · Updated
Increase the Exposure Limit for the Group of Connected Counterparties – Aramco Group
The Saudi Arabian Monetary Authority increases the total exposure limit for the Aramco Group, comprising Saudi Aramco and SABIC, from 25% to 35% of a bank’s eligible capital. This adjustment follows Saudi Aramco’s acquisition of over 50% of SABIC shares, which classifies them as a Group of Connected Counterparties under the Large Exposures Rules. Banks must ensure that individual exposures for each entity remain within prescribed limits and maintain sound policies and procedures to manage concentration risk.
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