Article Fourteen
Any Company, prior to commencing the Branch operations in Saudi Arabia shall place the Company's Contribution with the Branch, as a minimum of one hundred million Saudi Riyals for insurance and two hundred million Saudi Riyals for reinsurance. The statutory Deposit percentage shall be determined based on the Standard & Poor's classifications or their equivalent, for example but limited to, AM Best, Moody's or Fitch, as follows:
| Rating | Branch Deposit |
| AAA | %10 |
| AA | %20 |
| A | %30 |
| Others | %40 as minimum |
If a ratings downgrade occurs, the Company shall inform SAMA and deposit the balance of the Deposit corresponding to the lower credit rating within ninety (90) days of such downgrade. If the rating of the Company is upgraded, the Company may apply to SAMA to reduce the Deposit to an amount corresponding to such upgraded rating with the change taking effect one year from the rating upgrade. SAMA may in its sole discretion and at any time remove or add rating agencies when applying this Article and/or link the Deposit to different ratings classifications.
The statutory reserve stated in the Law shall be applied to the Branch up to the amount of the
Company's Contribution under this article.