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Updating the Websites of financing Companies and Verifying their Accounts on Social Media

No: 42011690 Date(g): 14/10/2020 | Date(h): 27/2/1442 Status: In-Force

Effective from 2020-10-14 - Oct 13 2020
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Referring to the Central Bank's supervisory and regulatory role over financing companies according to relevant regulations, and to the Central Bank's efforts to protect clients and provide all services and products with high quality and ease.

The Central Bank would like to inform financing companies that they must:

FirstContinuously update the financing company's website.
SecondVerify the company's accounts on social media platforms or deactivate them.
ThirdEnsure that the geographical location of the company's headquarters and branches is added and updated on electronic map platforms such as "Google Maps," including specifying working hours.

The Central Bank emphasizes adherence to the above within one month from the date of this notice and requires that the Central Bank's communication officer be provided with the measures taken regarding this within two weeks from the date of this notice