Article 6: Not Commencing Agent Banking Activity
Art. 6Status unknownSaudi ArabiaRegulation
Issued by Saudi Central Bank (SAMA) Rulebook
SAMA’s non-objection to contracting with an Agent shall be deemed cancelled if the approved Agent does not commence business within a nine-month period from the date of issuing SAMA’s non-objection. SAMA may, at its discretion, extend this period.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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