Book traversal links for Article 6
Article 6
Effective from 2022-04-26 - Oct 22 2022
To view other versions open the versions tab on the right
1. | The Company shall comply with the levels of capital adequacy and liquidity required in accordance with the rules, requirements and criteria stipulated by SAMA, including the following: | |
a. | Capital adequacy ratio as determined by SAMA. | |
b. | Leverage ratio as determined by SAMA. | |
c. | Minimum liquidity ratio to be implemented by the Company. | |
2. | The Company shall not increase nor decrease its capital before obtaining a prior written approval from SAMA. |