Regulatory Alerts2015-07-08
Added · Updated
Repo of Saudi Government Development Bonds, SAMA Bills, and Investment in SAMA Murabaha Transactions
The Saudi Arabian Monetary Agency (SAMA) has revised the repo facility available to Saudi Banks for their investments in Saudi Government Development Bonds and SAMA Bills. Effective July 31, 2015, this facility will increase from up to 75% to a maximum of 100% of the nominal value of holdings. Additionally, SAMA Murabaha transactions for Shariah Compliant banks will also be subject to a maximum 100% repo facility, up from the current 75%.
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