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First: Transaction Processing Timelines

No: 381000122205 Date(g): 10/9/2017 | Date(h): 19/12/1438 Status: In-Force

Translated Document

  1.  To immediately initiate the completion of banking procedure transactions received from SAMA, without exceeding the following timelines:

                            Transaction Category                                       

                   Maximum Completion Time                         

    Judicial Banking Procedures

    Two working hours

    Civil (General) Banking Procedures

    Two working Days

    Security Banking Procedures

    Five working Days

     

  2. In the event that there is no relationship with the person (individual/legal entity) at the bank/company, an immediate response on the transaction must be provided.
     
  3. SAMA may, at any time and whenever necessary, reduce the maximum completion time for some of the banking procedure transactions outlined in paragraph (1) of section (First), and banks and companies must complete the transactions within the specified periods.