Unified Instructions for Funds Exempt from Seizure Under Court Orders

[Saudi Central Bank Logo]

Circular

Reference No.: 42073079
Date: 1442/10/21
Attachments: 1

To the Esteemed,
Peace, mercy, and blessings of God be upon you,

Subject: Unified Instructions for Funds Exempt from Seizure Under Court Orders.

Based on the powers of the Saudi Central Bank stipulated in the Banking Control System issued by Royal Decree No. (M/5) dated 1386/2/22 AH, and with reference to Article No. (21) of the Execution System issued by Royal Decree No. (M/53) dated 1433/8/13 AH, and to the arrangements concluded between the Saudi Central Bank and the Ministry of Justice regarding funds deposited in customers' bank accounts that are exempt from seizure under court orders, and following the Central Bank's instructions communicated to banks regarding funds exempt from seizure under court orders.

Based on the conclusions of the arrangements with the Ministry of Justice, the Central Bank confirms to all banks and financial institutions operating in the Kingdom that no funds received from the entities listed in the attached table and transferred to the bank accounts of the executed-against parties under court orders shall be seized, while emphasizing the availability of cash withdrawal for these funds as stated in the Central Bank's instructions communicated via Circular No. 52985/67 dated 1440/8/24 AH. In case of erroneous deduction, banks and financial institutions must refund the deducted funds within a maximum period of (24) hours. It is noted that issuing banks and financial institutions for transfers related to the entities in the attached table are responsible for ensuring these transfers are coded according to their specific tariff code ("Code").

For information and action as of its date.

Yours sincerely,
[Signature]
Fahd bin Ibrahim Al-Shatri
Deputy Governor for Supervision

Distribution Scope:

• Banks and financial institutions operating in the Kingdom.

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Funds Deposited in Customers' Accounts and Exempt from Seizure Under Court Orders

#	Depositing Entity	Purpose of Deposit	Statutory Percentage Available to Customer	Tariff Code
1	Ministry of Municipal, Rural Affairs and Housing	Residential support	100%	Code (SAK) in field 26T and code /SAKANI/ in field 70
2	Social Development Bank	Social funding	100%	Code (SDB) in field 26T and code /SOCIALFUNDING/ in field 70
3	Ministry of Finance	Housing and subsistence allowance for displaced persons from the Southern Border	100%	Code (SUB) in field 26T and code /SUBSISTENCE/ in field 70
4	Ministry of Human Resources and Social Development	Social security pension	100%	Code (SSP) in field 26T and code /SOCIALSECURITY/ in field 70
5	Human Resources Development Fund	HAFIZ support	100%	Code (HFZ) in field 26T and code /HAFIZ/ in field 70
6	Ministry of Environment, Water and Agriculture	Agricultural subsidy	100%	Code (AGR) in field 26T and code /AGRSUBSIDY/ in field 70
7	Misk Charity Foundation	Financial support from the Mohammed bin Salman SANAD program	100%	Code (SND) in field 26T and code /SANAD/ in field 70
8	Charitable Associations	Donations, allowances	100%	Code (CHA) in field 26T and code /CHARITY/ in field 70
9	Quran Memorization Schools - Ministry of Education	Children's allowances deposited in the accounts of their seized parents	100%	Code (MOE) in field 26T and code /STUDENTREWARDS/ in field 70
10	Al-Nafaqah Fund	Alimony/maintenance	100%	Code (NFQ) in field 26T and code /NAFAQAH/ in field 70
11	Ministry of Finance	Monthly returns/benefits	67%	Code (BEN) in field 26T and code /MONTHLYBENEFIT/ in field 70
12	General Organization for Social Insurance	Occupational compensation	67%	Code (GOS) in field 26T and code /OCCUPATIONALALLOWANCE/ in field 70
13	Ministry of Human Resources and Social Development	SANID support	67%	Code (SND) in field 26T and code /SANID/ in field 70