Based on the powers granted to the Central Bank under the Finance Companies Control Law issued by Royal Decree No. (M/51) dated 13/08/1433H and its executive regulations, and in line with the supervisory and regulatory role of the Central Bank over financial institutions under its supervision, with a view to promoting justice and transparency to enhance confidence in the financial sector, and enabling data users and decision-makers, including shareholders, investors, creditors, and customers in general, to access the penalties imposed by the Central Bank for violations of regulatory and supervisory laws and regulations, the following is mandated:

1. Paragraph (1) of Article (72) of the executive regulations of the Finance Companies Control Law states that "Finance companies must provide the Central Bank with their annual financial statements, the auditor's report, and the board of directors' report at least five business days before their publication."
2. Article (73) of the executive regulations of the Finance Companies Control Law states that "Without prejudice to the requirements of other applicable laws, the finance company shall create its own website on the internet where it publishes... the board of directors' report."

Accordingly, it is required to comply with the following:

First: Finance and refinancing companies must include in their annual board reports any violations for which executive decisions have been issued by the Central Bank under the section titled "Central Bank Executive Decisions," covering violations from the current financial year and the previous financial year. The publication should include the subject of the violation, the number of executive decisions (including financial and non-financial penalties), and the total amount of financial penalties in Saudi Riyals, as per the format outlined in the explanatory table below:

* The date of the notice by which the executive decision is communicated will be the basis for the publication process.

Second: The subjects of violations are defined as follows:

- Violation of Central Bank's supervisory and regulatory instructions.

- Violation of Central Bank's customer protection instructions.

- Violation of Central Bank's AML/CFT due diligence instructions.

The Central Bank will compare the violations reported in the annual board reports of finance and refinancing companies with what is recorded in their logs. Violations will be published on the official Central Bank website, and the Central Bank will take legal action in case of non-compliance with these instructions.