In reference to Circular No. 44480/67 dated 14/07/1440 H, which emphasizes the commitment of banks and financial institutions to the provisions of the Real Estate Finance Law and the Lease Financing Law, along with their executive regulations and related instructions. Additionally, in reference to Circular No. 22129/67 dated 09/04/1440 H, which includes the continuation of banks and financial institutions to engage in lease financing activities until further instructions are issued by the Central Bank, provided that they obtain letters of non-objection from the Central Bank to offer related financing products in accordance with the provisions of the relevant laws, regulations, and instructions.

The Central Bank would like to inform you that licensed banks and financial institutions may continue to engage in lease financing activities without the need to renew the license granted for lease financing or to obtain a separate license for that purpose, provided that they obtain letters of non-objection from the Central Bank to offer related financing products in accordance with the provisions of the relevant laws, regulations, and instructions.