Resuming money exchange activities for Lafi Awad Al-Harbi Exchange Establishment

In the name of Allah, the Most Gracious, the Most Merciful Saudi Arabian Monetary Authority Headquarters

Banking Supervision Department
No. : ............................................................
Attachments: .........................................................

Saudi Arabian Monetary Authority
No.: 53958 / 41
Date: 1439/12/04
Attachments: None

(Circular / Urgent)

His Excellency / ............................................................ Respected Institution / Company

With regards,

Subject: Resuming money exchange activities for Lafi Awad Al-Harbi Exchange Establishment

With reference to the Authority's Circular No. 391000090422 dated 1439/08/23 AH regarding the decision to temporarily suspend Lafi Awad Al-Harbi Exchange Establishment from conducting its business.

I wish to inform you that the resumption of business for the aforementioned institution has been approved; therefore, please take the necessary actions regarding transactions with it and verify its effective compliance with all relevant regulatory and supervisory controls.

Yours sincerely,

Fahd bin Ibrahim Al-Shathri
Deputy Governor for Supervision

On behalf of: Ayman bin Mohammed Al-Sayari
Deputy Governor for Investment

Distribution Scope:

• All banks operating in the Kingdom.
• All Category A and B money exchange institutions and companies operating in the Kingdom.
• Al Namir Center.

P.O. Box 2992, Riyadh 11169, Central Telegraph: 404400, Telephone: 4633000, Fax: 4662119