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200.2.3 Non-Saudi and Non-GCC Natural Persons Not Residing in Saudi Arabia

No: 65681/67 Date(g): 3/7/2019 | Date(h): 1/11/1440 Status: In-Force

Effective from Apr 20 2025 - Jul 02 2019
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The bank shall not open an account in Saudi riyal or in any foreign currencies, or any other account, for non-Saudi and non-GCC natural persons not residing in Saudi Arabia unless written approval from the Ministry of Interior or the Ministry of Foreign Affairs is received through SAMA. If so, the account may be opened by the passport of the individual.