Updated List for Amounts Excluded from Seizure under Judicial Orders

Saudi Central Bank

Reference No.: 1,688.98
Date: 15/07/1446
Attachments: 1 (English)

Saudi Central Bank
SAMA
Saudi Central Bank

Subject: Updated List for Amounts Excluded from Seizure under Judicial Orders.

Circular

To Whom It May Concern,
Dear Sirs,

Peace, mercy of Allah and blessings be upon you,

In continuation of SAMA Circular No. (43,4372) dated 15/05/1443H regarding the Unified Instructions for Amounts Excluded from Seizure under Judicial Orders, and with reference to Article No. (21) of the Execution Law issued by Royal Decree No. (M/53) dated 13/8/1433H specifying what is exempt from seizure and execution, and based on the arrangements concluded between the Saudi Central Bank and the Ministry of Justice regarding the exclusion of expenses deposited in the custodian account, and compensation amounts resulting from medical errors, from seizure under judicial orders.

Accordingly, we attach to you an updated list of amounts deposited in customer accounts and excluded from seizure under judicial orders; including what has been mentioned above, the specific coding for each exemption, and the percentage that can be claimed by the customer. The Central Bank also emphasizes the importance and responsibility of banks and financial institutions to code these transfers according to their specific reference "Code".

For information and action as of its date.

Yours sincerely,

Distribution Scope:

• All banks and financial institutions operating in the Kingdom.

Yazeed bin Ahmed Al-Sheikh
Deputy Governor for Supervision

P.O. Box 2992 Riyadh 11169, Kingdom of Saudi Arabia Tel: +966 11 463 3000 P.O. Box: 2992 - Riyadh - 11169 - Kingdom of Saudi Arabia Tel: ...1146330592