6. Use of the DPF’s Resources
| No: 361000089524 | Date(g): 14/4/2015 | Date(h): 25/6/1436 | Status: In-Force |
Effective from Jan 01 2016 - Dec 31 2015
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| | i. | The DPF’s resources shall be used only for:
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| | | a) | payments in relation to protected Deposits up to the applicable protection limits under the DPF Rules; |
| | | b) | repayment of principal and payment of commission/return on any loans obtained by the DPF; and |
| | | c) | meeting its operating expenses;
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| | ii. | The DPF’s resources shall be managed by the governing committee according to the guidelines approved by SAMA.
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