In reference to the Central Bank's supervisory and regulatory role over the financial institutions under its oversight, based on the powers granted to it under the Banking Control Law issued by Royal Decree No. (M/5) dated 22/02/1386H, the Cooperative Insurance Companies Control Law issued by Royal Decree No. (M/32) dated 02/06/1424 H, the Financing Companies Control Law issued by Royal Decree No. (M/51) dated 13/08/1433H, the Rules governing Money changing Business issued by Minister of Finance Decision No. (1357) dated 01/05/1432H, and Council of Ministers Decision No. (266) dated 02/05/1440H regarding SAMA's authority to supervise and regulate the payments sector. Additionally, referring to Royal Decree No. (M/106) dated 10/09/1440 H approving the Premium Residency Permit Law.

SAMA would like to confirm the acceptance of the Premium Residency, both (permanent and temporary), issued by the Premium Residency Permit Center as an approved identification allowing its holder to benefit from the financial products and services offered by financial institutions. (Attached is the model of the permanent and temporary Premium Residency Card).