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Article Twelve
No: 7133/99 | Date(g): 3/10/2019 | Date(h): 4/2/1441 |
Effective from 2019-10-03 - Oct 02 2019
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A Microfinance Company shall establish a code of conduct, approved by the Board of Directors and provide SAMA with a copy of it. This code shall include principles, policies and clear controls for business ethics to deal with the beneficiaries, especially on Credit granting and installment collection practices. The Microfinance Company should take what is needed to ensure the compliance with its code of conduct in line with the relevant Rules, Regulations and Instructions.