As a reference to The rule (Fifth) stated within chapter (Second) of the banking account regulations. notified under Central Bank Circular No. (65681/67) dated 1440/11/01 AH related to inactive banking transactions."

We inform you of the amendment to the mentioned regulation as outlined below:

First: Editing the introduction to the definition of inactive banking transactions to read as follows: "These are the accounts, relationships, and transactions that have completed two calendar years from the date of the last financial operation performed by the client themselves, their authorized agent, or their heirs. They are divided into three stages as outlined in this rule. The purpose of this rule is to monitor and maintain active transactions and to safeguard the assets (funds) of clients who have not performed transactions themselves." Financial transaction (withdrawal or deposit - depending on the nature of the relationship) "Registered or via documented correspondence within the time periods specified in item number (2-5) ..."

Secondly: Amendment of Clause (First) of Paragraph No. (5-1) Including transactions to which the rule applies to be as follows: 'Current credit accounts and savings accounts.'" "The ones on which the client himself, his authorized agent, or his heirs have not performed any financial transaction (withdrawal or deposit).

Thirdly: Edit Paragraph No. (5-2-1) including the provisions of active accounts to be as follows: Transactions are considered active if no more than the last financial transaction (withdrawal or deposit - depending on the nature of the relationship) conducted by the client themselves, their authorized agent, or their heirs. The period of (twenty-four) Gregorian months, recorded or sent as a reliable and documented correspondence.

Fourthly: Edit Paragraph number (2-2-5) including the provisions regarding dormant accounts to be as follows: Transactions are considered dormant if a period of twenty-four (24) calendar months has elapsed, starting from the date of the last financial transaction (withdrawal or deposit - depending on the nature of the relationship) executed by the client themselves, their authorized representative, or their heirs. "Registered or reliable and documented correspondent."

Fifthly:modification Paragraph No. (3-2-5) Including the provisions for unclaimed accounts to be as follows: Transactions are considered unclaimed if they have completed a period of five calendar years (sixty months), including the dormant accounts phase, from the date of the last financial transaction (withdrawal or deposit - depending on the nature of the relationship) executed by the client themselves, their authorized agent, or their heirs. "Registered or credible and documented correspondence, and the bank was unable to locate the client and exhausted all means of contacting him."

For your information and to act accordingly as of this date.