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Article 6: Not Commencing Agent Banking Activity

No: 37541/67 Date(g): 20/2/2019 | Date(h): 15/6/1440

Effective from May 03 2019 - Jan 31 2019
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Saudi Central Bank’s non-objection to contracting with an Agent shall be deemed cancelled if the approved Agent does not commence business within a nine-month period from the date of issuing Saudi Central Bank’s non-objection. Saudi Central Bank may, at its discretion, extend this period.