Use the English Translation of Commercial Register for Commercial Entities
| No: 42054762 | Date(g): 18/3/2021 | Date(h): 5/8/1442 | Status: In-Force |
Translated Document
Based on SAMA's supervisory and regulatory role over banks operating in the Kingdom in organizing and protecting the sector, and to avoid the exploitation of similar names among commercial entities for the purpose of obtaining banking facilities or products.
Therefore, SAMA emphasizes that banks operating in the Kingdom must adopt the specified English name in the translated commercial registry service issued by the Ministry of Commerce when entering into salary transfer agreements with customers from commercial institutions and companies.
For your information and action accordingly within one month from its date.