Article 8: Initial Approval
Art. 8Status unknownSaudi ArabiaRegulation
Issued by Saudi Central Bank (SAMA) Rulebook
Within thirty (30) working days from completion of requirements, the bank shall grant either an initial approval or a justified rejection. The bank will assess the competitiveness and soundness of the industry and the quality of services provided.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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