Rule · SAMA · 18 Sep 2011
All banks operating in the Kingdom must contract private civil security companies that employ trained guards with valid certificates, maintain experience, and provide medical and social insurance for all staff. Banks must ensure contracts are independent of cleaning or maintenance services, adhere to Ministry of Labor working hours, and verify the provider's clean Public Security record and personnel criminal backgrounds. Additionally, providers must supply shaded air-conditioned booths for external sites and all necessary auxiliary equipment, including communication devices and firearms.
Saudi Arabian Monetary Authority
Headquarters
Banking Supervision Department
Reference No.: 49968
Date: 20 Shawwal 1432 AH
Attachments: 23756, 15/10/
Corresponding Date:
Circular
Respected Bank / General Management,
After greetings:
Subject: Terms and Requirements for Contracting with Private Civil Security Companies and Institutions
In continuation of the Authority's Circular No. M.A.T./811 dated 1428/11/1 AH, attached herewith a copy of the Civil Security Guard System and its Executive Regulations, and to ensure the proper performance of civil security guards in the banking sector, we request that contracts with private civil security companies and institutions include the following terms and requirements:
P.O. Box 2992, Riyadh 11169, Telegram: Central, Telex: 404400, Tel: 4662440, Fax: 4662865
*
Saudi Arabian Monetary Authority
Headquarters
Banking Supervision Department
Reference No.:
Date:
Attachments:
Corresponding Date:
Accept my regards,
Deputy Governor for Technical Affairs
(Signature)
Abdulrahman bin Abdulmohsen Al-Khalif
Distribution Scope:
All banks operating in the Kingdom
P.O. Box 2992, Riyadh 11169, Telegram: Central, Telex: 404400, Tel: 4662440, Fax: 4662865
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Source: Saudi Central Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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