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Article 16

No: MSHT/82 Date(g): 10/12/2019 | Date(h): 13/4/1441 Status: In-Force

A Consumer Microfinance Company shall obtain a non-objection letter from SAMA prior to approving any dividend distribution, and such distribution shall not lead to a decrease in the level of capital adequacy and liquidity in accordance with the rules, requirements and criteria set by SAMA.