SAMA | KSA Expats https://ksaexpats.com Your Guide to Life in Saudi Arabia Tue, 23 Dec 2025 03:33:50 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://ksaexpats.com/wp-content/uploads/2025/07/cropped-KSA-Expats-Website-Logo-1-32x32.png SAMA | KSA Expats https://ksaexpats.com 32 32 SAMA Reduces Fees for Key Banking Services https://ksaexpats.com/sama-new-banking-fees-guide/?pk_campaign=feed&pk_kwd=sama-new-banking-fees-guide Tue, 23 Dec 2025 03:27:12 +0000 https://ksaexpats.com/sama-new-banking-fees-guide/?pk_campaign=feed&pk_kwd=sama-new-banking-fees-guide SAMA Reduces Fees for Key Banking ServicesThe 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 ... Read more

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]]> SAMA Announces Official Holidays and Working Hours for Banks Until 2029 https://ksaexpats.com/sama-holidays-working-hours-2026-2029/?pk_campaign=feed&pk_kwd=sama-holidays-working-hours-2026-2029 Thu, 18 Sep 2025 11:13:02 +0000 https://ksaexpats.com/sama-holidays-working-hours-2026-2029/?pk_campaign=feed&pk_kwd=sama-holidays-working-hours-2026-2029 SAMA Announces Official Holidays and Working Hours for Banks Until 2029The 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 ... Read more

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]]> Saudi Central Bank Updates Credit Card Regulations and Fees https://ksaexpats.com/saudi-credit-card-regulations-2025/?pk_campaign=feed&pk_kwd=saudi-credit-card-regulations-2025 Sun, 20 Jul 2025 04:43:52 +0000 https://ksaexpats.com/saudi-credit-card-regulations-2025/?pk_campaign=feed&pk_kwd=saudi-credit-card-regulations-2025 Credit CardsThe 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 ... Read more

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]]> Saudi Central Bank: No Deductions Without Permission https://ksaexpats.com/saudi-central-bank-no-deductions/?pk_campaign=feed&pk_kwd=saudi-central-bank-no-deductions Fri, 01 Nov 2024 06:08:27 +0000 https://ksaexpats.com/saudi-central-bank-no-deductions/?pk_campaign=feed&pk_kwd=saudi-central-bank-no-deductions ATM MachineThe 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 ... Read more

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