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  • Part Thirteen: Trading Securities

    • Article 66

      Without prejudice to Paragraph 3 of Article 11 of the Law, the Finance Company shall not own securities such as stocks, bonds, SUKUK and derivatives except in the following cases:

       1.As part of a Finance transaction where the purpose of the transaction is to grant Finance to the Borrower;
       2.To invest cash in hand, through local commercial banks deposits or through debt instruments that are approved by SAMA;
       3.To hedge an existing Term Cost risk Exposure; and
       4.To hedge an existing currency risk Exposure.