Article 10: Renewal of Agent Banking Contract
Art. 10Status unknownSaudi ArabiaRegulation
Issued by Saudi Central Bank (SAMA) Rulebook
Banks wishing to extend Agent Banking contracts must renew their contracts with Agents, whether ‘Exclusive’ or ‘Multiple’, at least one month prior to the expiration date of the banking Agent contract, following a comprehensive assessment of outsourcing risks.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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