Tag: SAMA

SAMA Reduces Fees for Key Banking Services

The Saudi Central Bank (SAMA) announced the issuance of the “Fees Guide for Financial Institutions’ Services,”which will replace the currently applicable Banking Tariff once it enters into force. The updated guide introduces lower fee caps on several essential banking services, aiming to enhance affordability, transparency, and customer protection. Under administrative fees, the maximum charge for non-real estate finance products has been reduced ... <a title="SAMA Reduces Fees for Key Banking Services" class="read-more" href="https://ksaexpats.com/sama-new-banking-fees-guide/" aria-label="Read more about SAMA Reduces Fees for Key Banking Services">Read more</a>

SAMA Announces Official Holidays and Working Hours for Banks Until 2029

The Saudi Central Bank (SAMA) has published the official holidays and working hours for financial institutions under its supervision, as well as for the Saudi Instant Payment System (SARIE), covering the years 2026 to 2029. This announcement ensures clarity for both institutions and customers regarding service availability during Eid holidays, Ramadan, National Day, and Founding ... <a title="SAMA Announces Official Holidays and Working Hours for Banks Until 2029" class="read-more" href="https://ksaexpats.com/sama-holidays-working-hours-2026-2029/" aria-label="Read more about SAMA Announces Official Holidays and Working Hours for Banks Until 2029">Read more</a>

Saudi Central Bank Updates Credit Card Regulations and Fees

The Saudi Central Bank (SAMA) has recently introduced new regulations for the issuance, operation, and fees of credit cards. These updated rules aim to improve transparency and reduce the cost of credit cards for consumers in Saudi Arabia. The new regulations will replace the ones set in 2015 and are expected to come into effect ... <a title="Saudi Central Bank Updates Credit Card Regulations and Fees" class="read-more" href="https://ksaexpats.com/saudi-credit-card-regulations-2025/" aria-label="Read more about Saudi Central Bank Updates Credit Card Regulations and Fees">Read more</a>

Saudi Central Bank: No Deductions Without Permission

The Saudi Central Bank has issued a draft update of debt collection regulations for individual customers to protect accounts and ensure fair banking. Under this new proposal, banks and financial companies cannot take money from a customer’s account without clear permission or a court order. No Deductions Without Permission The draft regulations state that banks ... <a title="Saudi Central Bank: No Deductions Without Permission" class="read-more" href="https://ksaexpats.com/saudi-central-bank-no-deductions/" aria-label="Read more about Saudi Central Bank: No Deductions Without Permission">Read more</a>