In continuation of the measures aimed at enhancing the stability of local monetary conditions, SAMA decided to undertake the following:

Provision of repurchase agreements with maturity of 90 days, in addition to applicable maturities of 1 night, 7 days and 28 days. Reducing the ceiling for issuing SAMA's permissions from 9 billion riyals per week to 3 billion riyals per week, and this amendment is consistent with the institution's permissions function as a complementary means of government development bonds.

 Note that these procedures will take effect from October 30, 2016.