The Saudi Arabian Monetary Authority (SAMA) has warned banks and financial institutions to refrain from falsely citing SAMA regulations to reject customer applications.

 

The central bank said in a circular that it would take action against violators.

 

Recently, some clients have complained that their applications were refused because of SAMA’s regulations, which was not the case, SAMA said.

 

SAMA regulations should be referred to correctly, and by well-informed specialists, the statement added.

Comments 0

Be the first to comment

loader Train
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Market Indices

TASI
11,292.83
(9.93) (0.09 %)
Created with Highstock 6.0.710:0011:0012:0013:0011,250.0011,275.0011,300.0011,325.0011,350.0011,375.00
Close : 11292.83 | Apr 9, 13:51
More

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request

Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.

Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website