1.1. Significant Retail Activities
Effective from Sep 24 2019 - Dec 31 2019
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| 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