Book traversal links for المادة الحادية عشرة إجراءات إنهاء الاتفاقية
Article Eleven Agreement Termination Procedures
Effective from Jan 31 2025 - Jan 30 2025
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1. The Company or the Bank shall submit to SAMA a request to terminate the Agreement along with the reasons of termination.
2. After obtaining SAMA’s approval, the Company and the Bank shall:
a) Sign a financial clearance between them;
b) Announce the termination of the Agreement on their official websites; and
c) Take all actions that indicate the termination of the
Agreement, including removal of all advertisements and returning the usernames and passwords of the Company’s electronic systems