Working Hours for Tadawul
| No: 271000000586 | Date(g): 31/10/2006 | Date(h): 9/10/1427 |
Translated Document
Further to SAMA Circular No. 1321/M/A/38 dated 02/02/1407 H corresponding to 05/07/1986 G regarding the operating hours of bank branches for the public, and based on Article (16) of the Banking Control Law, and in light of the decision to amend the period of trading shares in the local market, and considering the connection between the operations of most bank branches and stock trading activities, it has been decided that the operating hours of bank branches for the public will be from 9:30 AM to 4:30 PM starting Saturday, 11 Dhul-Qi'dah 1427 H corresponding to 02 December 2006 G. In the event that any bank wishes to identify certain branches to operate during evening or additional hours, it may submit the names, locations, and required hours of those branches to SAMA for approval.
The period from 6 Shawwal 1427 H corresponding to 28 October 2006 G to 8 Dhul-Qi'dah 1427 H corresponding to 29 November 2006 G will be a transitional period during which banks can arrange their operations and coordinate with SAMA regarding branches that require additional operating hours.
We hope you acknowledge receipt of this and remind all your branches to adhere to the specified hours.