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1.1 Background

No: 44049096 Date(g): 4/1/2023 | Date(h): 12/6/1444 Status: In-Force

These Banks Remuneration Rules shall supersede the existing Rules on Compensation Practices issued vide circular no. 26194/BCS/12580 dated 3 May 2010. Saudi Central Bank (SAMA) has updated these rules for the purpose of addressing the risk of misconduct that may be associated with improper reward practices.