SAMA Lifts the Suspension From Abdulaziz Abdullah Al-zamil and Sons for Money-Exchange services

8/2/2018 12:00 AM
Saudi Arabian Monetary Authority (SAMA) announced its decision to lift the suspension, and allow Abdulaziz Abdullah Al-zamil and sons Company to practice Money-exchange services effective from 23/11/1439 corresponding to 05/08/2018. This reference is made to SAMA's announcement dated 5/1/1439 corresponding to 25/9/2017, which includes SAMA's decision to suspend money-exchanging activity temporarily for a number of companies including Abdulaziz Abdullah Al-zamil and Sons Company for money-exchange services. SAMA clarified in its statement that the decision came in view to the company's compliance to the technical and regulatory requirements, stressing on the same time on its decision to put Abdulaziz Abdullah Al-zamil and Sons Company under intensified follow-up to verify the effective application of all relevant regulatory and control requirements.
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