Referring to the receipt by SAMA of the Ministry of Commerce's telegram No. (33380/41) dated 04/03/1443 H regarding the approval of companies' articles of incorporation and its amendments, in which the ministry seeks to facilitate and streamline the procedures for establishing companies and any amendments thereto in accordance with the provisions of The Companies Law.

Accordingly, we would like to inform you that the Ministry of Commerce will be approving incorporation contracts and their amendments, clarifying the responsibility of partners for what is presented and required of them. The contents of these contracts are the responsibility of the partners in accordance with the provisions of The Companies Law. It is important to emphasize that this does not affect the obligations of the financial institution in accordance with the relevant regulations issued by SAMA.