2. Definitions
Effective from Apr 20 2025 - Apr 19 2025
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The following words and expressions - wherever they appear in these instructions - shall have the meanings indicated in front of each of them, unless the context requires otherwise.
Term | Definition |
Central Bank | Saudi Central Bank |
Financial Institution | Banks, foreign bank branches, insurance companies, reinsurance companies, licensed self-employed companies, foreign insurance companies, financing companies, credit information companies, exchange companies and institutions, cash centers, payment companies and payment system operating in KSA, which are supervised by the Saudi Arabian Monetary Agency. |
Advertisement | It is the advertisement, promotion and guidance by all means and methods of the financial institution’s services and products. |
Footnotes | A word or title used in the header or footer of a page to show content of interest, and may appear via the seal of the financial institution (if the financial institution uses seals). |
Correspondences | Postal letters, emails, promotional advertisements, and any other documents. |
Customers | Consumers and beneficiaries of the services and products provided by financial institutions. |