The Saudi Arabian Monetary Authority "SAMA" clarified that it is not permissible for banks operating in the Kingdom to impose fees on banking services provided to companies or small and medium enterprises without obtaining SAMA's approval, based on the powers entrusted to it under its system issued by Royal Decree No. (23) dated 23/5/1377 AH, and the Banking Control Law issued by Royal Decree No. (M / 5) dated 2/22/1386 AH.

                SAMA's issuance of its instructions in this regard comes as an extension of what was included in the bank tariff for individual customers, stipulating that it does not object to imposing any fees on services or products provided to customers that are not mentioned in the tariff. This is in contributing to the support and development of the private sector and its facilities and overcoming the difficulties it faces and to facilitating easy access to all banking services.