Article 10: Initial Approval or Rejection
Art. 10Status unknownSaudi ArabiaRegulation
Issued by Saudi Central Bank (SAMA) Rulebook
SAMA informs the applicant of the initial approval or justified rejection within (60) working days from the date the applicant receives notification of application completeness. SAMA’s initial approval shall not be considered a license or permission for companies to engage in Debt-Based Crowdfunding..
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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