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200.1.4 Tribe Members: Displaced Tribes/Ar Rub' Al-Khali Tribes
No: 65681/67 | Date(g): 3/7/2019 | Date(h): 1/11/1440 | Status: In-Force |
The bank may open accounts for those tribal individuals residing in Saudi Arabia, and the validity of their accounts should be linked to the validity of their Iqamas. The bank must obtain the individual’s Iqama which has a statement in the “nationality” space that reads “tribe members”, “displaced tribes”, or “Ar Rub’ al-khali tribes”. The supervisory and control requirements implemented on expatriates residing in Saudi Arabia, stated herein, shall apply to this category of customers.