Encouraging the Presence and Provision of Banking Services in the Central Areas of the Two Holy Mosques
| No: 45070207 | Date(g): 19/5/2024 | Date(h): 12/11/1445 | Status: In-Force |
Translated Document
Based on SAMA’s authority to issue instructions related to financial institutions and their operations in accordance with the provisions of its law issued under Royal Decree No. (M/36) dated 11/04/1442H, and in reference to the SAMA's circular No. (45052183) dated 11/08/1445H regarding the extension of working hours for branches operating in Makkah and Madinah. This initiative aims to enhance the efforts to elevate the experience of the Guests of Allah and facilitate their access to financial services, specifically currency exchange services for pilgrims and Umrah performers.
Accordingly, SAMA requests local banks and their affiliated money transfer centers to maintain a presence in the central areas of the Two Holy Mosques and provide banking and money transfer services to serve pilgrims, Umrah performers, and visitors. This should be in accordance with the approved working hours and in full compliance with relevant instructions.