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Article 10: Establishment

Date(g): 1/3/2020 | Date(h): 7/7/1441

Effective from Mar 01 2020 - Feb 29 2020
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The founding members shall establish the finance support company within (6) months from SAMA’s initial approval, and provide SAMA with a copy of the company’s commercial register stating the licensed activities for initial approval. The initial approval will expire after (6) months, unless SAMA agrees to extend the period.