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Article 66

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

Effective from Feb 24 2013 - Mar 07 2013
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Without prejudice to Paragraph 3 of Article 11 of the Law, the Finance Company shall not own securities such as stocks, bonds, SUKUK and derivatives except in the following cases:

 1.As part of a Finance transaction where the purpose of the transaction is to grant Finance to the Borrower;
 2.To invest cash in hand, through local commercial banks deposits or through debt instruments that are approved by SAMA;
 3.To hedge an existing Term Cost risk Exposure; and
 4.To hedge an existing currency risk Exposure.