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Article 26

No: 2/MFC Date(g): 24/2/2013 | Date(h): 14/4/1434

The Finance Company shall obtain a non-objecting letter from SAMA prior to the approval of any distribution of profits, any other distributions, the recommendation of it or announcing it, after making sure of the following:

 1.The distribution does not cause capital adequacy, or liquidity to drop below the required levels;
 2.The distributions of the fiscal year must not exceed the actual net profit for the previous fiscal year; and
 3.Any other conditions set by SAMA.