Effective from Jan 01 2016 - Dec 31 2015 To view other versions open the versions tab on the right
i.
A Bank shall pay the annual premium and any premium surcharge within such time and in such manner as specified by SAMA;
ii.
A Bank shall be liable to fully indemnify the DPF for any payments made to its Deposit holders, until its liquidation;
iii.
A Bank shall comply with and observe all relevant rules, regulations, directives/instructions, etc. issued by SAMA;
iv.
A Bank shall forthwith inform SAMA about any significant deterioration in its capital adequacy or liquidity position or any other major development which has a significant bearing on its safety and soundness.
