Opening Daycare for Children of Female Workers at Financial Institutions

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

Saudi Central Bank
Headquarters

Office of the Deputy Governor for Supervision

Reference No. :	42013854
Date :	1442/03/05
Attachments :	None

Circular

To: Respected Institutions,
Peace, mercy, and blessings of Allah be upon you,

Subject: Opening Daycare for Children of Female Workers at Financial Institutions.

I refer to the receipt by the Bank of a telegram from His Excellency the Minister of Human Resources and Social Development No. (10205) dated 18/01/1442H, requesting the encouragement of financial institutions under the supervision and regulation of the Bank to open daycare centers for their female employees' children; in implementation of Article (159) of the Labor Law issued by Royal Decree No. (M/51) dated 23/08/1426H, and in accordance with the regulatory controls for private child daycare centers issued by Ministerial Decision No. (199071) dated 06/11/1440H.

For your information and action.

Yours sincerely,

Fahd bin Ibrahim Al-Shathri
Deputy Governor for Supervision

Distribution Scope:

• All financial institutions under the supervision and regulation of the Bank.