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Supplementary Circular on Providing SAMA with Quarterly Risk Report Audited Annual Financial Statements and Quarterly Financial Statements of Finance Companies

No: 108909000099 Date(g): 1/3/2020 | Date(h): 7/7/1441

Translated Document

Effective from 2020-03-01 - Feb 29 2020
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           Referring to Circular No. 371000052766 dated 07/05/1437 H. regarding the provision of quarterly risk reports and audited annual and quarterly financial statements to SAMA by financing companies.

           We would like to inform you about the amendment to Paragraph Five of the above-mentioned circular, so that it reads as follows "Send the quarterly risk report, the audited annual financial statements, and the quarterly financial statements, in addition to the prudential data forms, directly to the email with a scanned electronic copy of the company's letter."

           SAMA emphasizes the need to adhere to the amendment mentioned above, and to adopt electronic correspondence directly via email, and to stop providing SAMA with paper copies of the aforementioned reports.