Article 10: Establishment
Art. 10Status unknownSaudi ArabiaRegulation
Issued by Saudi Central Bank (SAMA) Rulebook
The founding members shall establish the finance support company within (6) months from the bank’s initial approval, and provide the bank with a copy of the company’s commercial register stating the licensed activities for initial approval. The initial approval will expire after (6) months, unless the bank agrees to extend the period.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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