Alqanoni

Article 13: Cessation of Money Changing Business

Art. 13
Status unknownSaudi ArabiaRegulation

Issued by Saudi Central Bank (SAMA) Rulebook

The Money Changer shall not fully or partially suspend or end its business, whether in one or more branches, except after obtaining SAMA’s written non-objection in accordance with the conditions it sets, provided that the period of suspension does not exceed three months, and SAMA may extend this period.

The Arabic text is the legally binding version. The English translation is provided for guidance only.

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