Effective from Feb 24 2013 - Mar 07 2013 To view other versions open the versions tab on the right
1.
SAMA may revoke the License upon the request of the Finance Company, taking into account the rights of the creditors and Borrowers and the integrity of the financial system.
2.
SAMA may revoke the License if the Finance Company has submitted false information or failed to disclose material information that should have been provided for licensing purposes.
3.
If the License is revoked, the Finance Company must be liquidated. SAMA may appoint a liquidator.
