SAMA may, with the approval of the Minister of Finance and National economy, issue general rules to regulate the following matters:
1)
The maximum limits of total loans that can be extended by a bank or banks.
2)
The prohibition or limitation of specified categories of loans or other transactions.
3)
Fixing the terms and conditions, which banks, should take into consideration when carrying out certain types of transactions for their customers.
4)
The cash margins to be obtained by banks against specified categories of credits or guarantees.
5)
The minimum ratio to be observed between the limits for loans and the collateral for such loans.
6)
Fixing the assets to be maintained by each bank within the Kingdom. Such assets should not fall below a certain percentage of the Bank's deposit liabilities, which shall be fixed by SAMA from time to time.
SAMA may, from time to time, issue decisions concerning the following:
1)
Definition of the term "deposit liabilities" referred to in this Law.
2)
Determination of bank holidays and bank business hours.
