In reference to Rule No. (500-1-2) included in the Account Opening Rules notified under SAMA Circular No. (65681/67) dated 01/11/1440 H, which includes the requirements for Opening Bank Accounts for Government Entities to Receive Donations for their Own Account.
 

 I would like to inform you that the above-mentioned rule has been amended in accordance with the following:
 

1. Amend paragraph No. (1) to be as follows: "The request to open a bank account shall be submitted after obtaining the approval of the Ministry of Finance notified through SAMA. Such request shall indicate that the purpose of opening the account is to receive donations for the government entity.
    
2. Amend paragraph No. (2) to be as follows: "Two signatories shall be determined by the concerned minister or the head of the entity, in addition to the financial controller in the government entity. The bank shall obtain IDs copies and specimen signatures of such authorized persons. Those copies shall be attested as true copies of the original by both the government entity and the bank. Changing the signatories or financial controller requires sending a letter from the concerned minister or the head of the entity or his authorized representative to the bank where the account is opened.
    

SAMA also stresses the importance of following up on updates and amendments to the rules, and always relying on the copy of the rules published on its website.