Referring to the program aimed at attracting regional headquarters of foreign companies to the Kingdom, a joint initiative between the Ministry of Investment and the Royal Commission for Riyadh City, which aims to enhance the Kingdom's economy, job opportunities, national capabilities and expertise. This program recognizes the need for these companies to deal with banks to facilitate their banking transactions and benefit from various banking services and products.

Accordingly, SAMA would like to emphasize that all banks should facilitate and expedite the procedures for opening bank accounts for foreign companies, enabling them to benefit from various services and products, and discussing the possibility of allocating units or establishing offices within the ministry to facilitate the provision of banking services to this category of customers.

For your information and action accordingly, and provide SAMA with the bank's plan to support the aforementioned initiative via email before the date of 20/11/2022.