The Saudi Arabian Monetary Authority (SAMA) stressed in its
circular no. 391000063393 dated 04/06/1439H on all bank operating in the
Kingdom not to deduct any amount from the cost of living allowance
beneficiaries’ accounts as issued by King Salman Bin Abdulaziz Al-Saud’s royal
decree for whatever judicial verdicts. SAMA stressed as well on lifting all
previous garnishment on the cost of living allowance and bonuses urgently.
SAMA added that
the circular came next to coordinating with the ministry of Justice in this
regard, so that the cost of living allowance and remuneration treated under
article 21 of the implementing law, as they are part of the government
compensation programs and government support for citizens.
SAMA’s move
came further to its circular no. 391000050920 dated on 1439/05/04H, which emphasize
on forbidding deducting amounts from the cost of living allowance for the
payment to bank personal loans or other finance commitments as mentioned in the
royal decree no. (86/A) dated on 1439/04/18H, that includes the payment of a
monthly living allowance of SR 1,000 for citizens of civil and military
employees for one year, and SR 550 paid by pension, social insurance, and social
security beneficiaries for one year, in addition, five thousands riyal paid
once as a reward for the military participants in the front lines in the south.
SAMA invites all banks’ customers to
exercise their rights guaranteed by the system to file a complaint at the event
of violation at SAMACARES.SA department or by calling the toll free:
8001256666.