SAMA's Notification Prior to Conducting Investment Rounds

Circular

Number: 472056382
Date: 1447/12/01
Attachments: None

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

Subject: Saudi Central Bank (SAMA) Notification Prior to Conducting Investment Rounds.

Based on the authorities vested in SAMA under its system issued by Royal Decree No. (M/36) dated 1442/04/11 AH, and other related regulations, and in light of its supervisory role over financial institutions under its supervision to achieve sector stability and support growth, we wish to inform you that non-bank financial institutions must notify SAMA at least (5) working days prior to conducting Investment Rounds. All data related to the investment round must be submitted, including, but not limited to:

1. The timeline of the investment round.
2. The objective of the investment round.
3. The value of the investment round.
4. The target category.
5. A statement on the extent of the investment round's impact on the ownership structure and financial position of the non-bank financial institution.
6. The type and structure of the investment instrument (equity, convertible instruments, debt instruments, etc.).
7. Any other influential or supporting documents.
8. Any other documents requested by SAMA.

We further confirm that the above shall not prejudice the obligations of non-bank financial institutions stipulated in related regulations and bylaws, including obtaining SAMA's prior no-objection where required.

For information and necessary action, effective as of its date.

Yours sincerely,

(Signature)
Yazed bin Ahmed Al-Sheikh
Deputy Governor for Supervision

Distribution Scope:

• Financing companies operating in the Kingdom.
• Payment service companies operating in the Kingdom.
• Exchange companies operating in the Kingdom.
• Financial support establishments licensed by SAMA.

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P.O. Box 2992 Riyadh 11169, Kingdom of Saudi Arabia. Tel: +966114633000