Book traversal links for Article 9: License Fees
Article 9: License Fees
Effective from 2020-08-25 - Jun 29 2021
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SAMA shall collect the following fees for issuing and renewing licenses: | ||
a. | Twenty thousand (20,000) riyals for issuing a license for the activity of purchasing, selling and trading of foreign currencies inside the Kingdom, and five thousand (5,000) riyals for renewal of license. | |
b. | Thirty-five thousand (35,000) riyals for issuing a license for one or more of the activities set forth in Article 11 of the Rules - including the activity of purchasing, selling and trading of foreign currencies inside the Kingdom - and ten thousand (10,000) riyals for renewal of license without prejudice to the provisions of Paragraph (C) of this Article. | |
c. | Forty thousand (40,000) riyals for renewal of the license to conduct money transfer activity inside or outside the Kingdom. |