In line with SAMA's supervisory and regulatory role over the banking and financing sectors and its commitment to ensuring that all community segments receive the financing services and products they need at a reasonable cost, fairly, and transparently, and without discrimination, based on Principle (5/1) of Banking Consumers Protection Principles and Principle (4/1) of Finance Consumer   Protection Principles. And referring to SAMA's circular No. (T.A.M/157/201803) dated 15/3/2018 to all insurance companies regarding insurance coverage for the actual user in vehicle leasing and financing leasing, which prohibits all insurance companies engaged in vehicle insurance from denying insurance coverage in mandatory vehicle insurance or comprehensive insurance due to the age of the actual user of the leased vehicle.

Therefore, SAMA confirms that all banks and financing companies must not discriminate between customers based on the age of the actual user of the financed leased vehicle.