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Article Two: Purpose and Scope

No: 450596880000 Date(g): 24/3/2024 | Date(h): 15/9/1445 Status: In-Force

Translated Document

Effective from 2024-03-24 - Mar 23 2024
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  1. These rules aim to provide a general framework for savings products offered by banks, which helps encourage them to introduce savings products and stimulate customer benefits from them.
  2. These rules apply to all banks when presenting and offering savings products to their customers.
  3. These rules do not override the provisions stated in the regulations, instructions, and guidelines issued by SAMA.