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1. Preamble
No: 43089486 | Date(g): 24/5/2022 | Date(h): 23/10/1443 | Status: In-Force |
Effective from 2022-05-24 - May 23 2022
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This Regulation is issued by the Saudi Central Bank (SAMA) in exercise of the powers vested upon it under its Law issued vide Royal Decree No. (M/36) on 11-04-1442H and the Banking Control Law issued by the Royal Decree No. M/5 on 22-02-1386H (11 June 1966G).
The Regulation lay down the regulatory processes for banks in planning for the opening, closure and relocation of their Branch Network.
The Regulation will become effective from the date of its issuance and supersede the existing SAMA Circular No. 351000126713 issued on 11-10-1435 H (7 August 2014 G).