The Saudi Central Bank (SAMA) announced its decision to revoke the license granted to Hisham Khalid Suleiman Kalkatawi Establishment to conduct money exchange business in Saudi Arabia.

The revocation decision was based on a request submitted by the establishment, pursuant to the provision of Paragraph (b/5) of Article (​34) of the Rules Regulating Money Changing Business.

SAMA calls on stakeholders with existing rights and claims to refer to the establishment in this regard.

SAMA also emphasizes the importance of dealing exclusively with authorized financial institutions, which can be verified on SAMA’s website.​