Alqanoni

Banking Control Law

Art. 15
Status unknownSaudi ArabiaRegulation

Issued by Ministry of Investment (misa.gov.sa)

A bank must provide SAMA, at the end of the subsequent month and in the manner prescribed thereby, with a correct and true monthly consolidated statement that reflects its financial position. It shall also provide SAMA, within six months of the end of its fiscal year and in the manner prescribed thereby, with a copy of its annual budget and profit and loss statement certified by its auditors.

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

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