SAMA received a telegram from His Excellency the Minister of Finance, No. 1/S/2055 dated 03/03/1430 H, based on a telegram from His Royal Highness the Minister of Interior, No. 1/7/3/13084 dated 27/02/1430 H Which includes His Highness's approval of the recommendations of the committee formed to study the phenomenon of receiving text messages on mobile phones calling for financial donations for charitable projects and requesting their deposit in bank accounts at local banks, as well as the phenomenon of some individuals announcing their account numbers to be used for collecting donations without obtaining official approval from supervisory authorities including His Highness's approval of the committee's recommendations.

We would like to inform you that the recommendation (First) related to text messages that do not originate from service provider companies, but rather from individuals or entities using mobile or internet messaging technology, stipulates that the provisions of His Highness's telegram No. 1/7/3/157993 dated 25/10/1427 H shall apply. This means that soliciting donations via mobile messages or similar methods without prior approval is considered a violation of regulations and instructions, and that fundraising is restricted to the premises of institutions and charitable organizations or through their bank accounts.

Therefore, we hope to take this into consideration and monitor will be conducted regarding any occurrences. Efforts should be made to identify cases reported through the available announced channels or through account activity, and to emphasize on your branches and staff to be attentive and maintain continuous observation.