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Fees for Banking Services Provided to Companies and SMEs

No: 41049544 Date(g): 10/3/2020 | Date(h): 16/7/1441 Status: In-Force

Translated Document

Based on the powers vested in SAMA under its law issued by Royal Decree No. (23) dated 23/5/1377 H, and The Banking Control Law issued by Royal Decree No. M/5 dated 22/2/1386 H.

And based on the role of SAMA in supporting and developing the private sector and its institutions, and in overcoming the difficulties it faces, in addition to enabling easy and convenient access to all banking services, we inform you that approval from SAMA must be obtained before imposing any fees on banking services provided to companies and small and medium enterprises, taking into account that these fees do not impact the achievement of SAMA's objectives referred to above.