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1.1. Significant Retail Activities

No: 4922/67 Date(g): 24/9/2019 | Date(h): 25/1/1441
5.SAMA has additional requirements for FBBs that take significant retail-banking deposits.
 
6.SAMA considers retail banking activities to be significant where an FBB:
 
 i.Has more than SAR 5 billion of retail and Micro, Small and Medium-sized enterprises (MSME)1 account balances or more than 1,000 retail and MSME account holders; or
 
 ii.Undertakes deposit activity where the total number of branches exceeds five (5).
 

1 As per SAMA MSME definition