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| No: 596/1 |
The statutory deposit shall be ten percent (10%) of the paid up capital. SAMA, where the risk profile of the Company’s business warrants it, shall increase this percentage to a maximum of fifteen percent (15%). The Company shall place the statutory deposit amount, within three (3) months period from the date of issuing the license, in a bank designated by SAMA. SAMA shall invest the statutory deposit and shall be entitled to its earnings.
