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Article 48

No: 000044093096 Date(g): 13/6/2023 | Date(h): 24/11/1444 Status: In-Force

Effective from Jun 13 2023 - Jun 12 2023
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 (1)A Licensed Bank that provides Relevant Payment Services is exempted from the requirement to apply for a License under the Implementing Regulation.
 (2)SAMA shall specify the provisions of the Implementing Regulation that a licensed bank must comply with when providing Relevant Payment Services, in accordance with its nature and in a manner that achieves the objectives of the Law and the Implementing Regulations.