Al-Jazeera – Economy:
The Saudi Arabian Monetary Agency (SAMA) announced its decision to lift the suspension and allow the company Mohammed Hassan Bitar and his children to exchange money on Wednesday 04/12 / 1439H, which corresponds to 15/8/2018. This is in addition to the announcement of the corporation of 23/08/1439H which corresponds to 09/05/2018, which includes the SAMA decision to temporarily stop the activity of exchange activities at a number of exchange companies and institutions, including Mohammed Hassan Bitar and Sons Exchange Company. The Monetary Agency said in a statement that the decision came in view of compliance by the company from the technical commitment to legal and regulatory controls. At the same time, stresses the decision to place the company Mohammed Hassan Bitar and Sons Exchange under extensive follow-up to the verification of the effective application of all relevant regulatory and regulatory controls.
SAMA also announced its decision to lift the suspension and allow the Salah al-Din Kaaki Foundation to exchange money from Wednesday 04/12 / 1439H, corresponding to 15/8/2018. This is in addition to the announcement of the corporation of 23/08/1439H which corresponds to 09/05/2018 which included the decision of SAMA to temporarily stop the exchange activity with a number of exchange offices and institutions, including Salah Al-Din Kaki Exchange. The Monetary Agency said in a statement that the decision came in order to achieve Salah al-Din Kaaki Exchange requirements for technical commitment to legal and regulatory controls. Emphasizing at the same time his decision to place this institution under better follow-up to the verification of the effective application of all relevant regulatory and regulatory controls.
SAMA has announced its decision to lift the suspension and allow the Lafi Awwad Al Harbi Foundation to carry out money exchange activities from Wednesday 15/8/2018. This comes on top of SAMA's announcement of 23/08/1439H for 09/05/2018, which included the SAMA's decision to temporarily change the currency exchange activity with a number of exchange offices and institutions, including Lafi Awwad Al Harbi Exchange. , to stop. The monetary institution said in a statement that the decision came about with a view to establishing the establishment of Lafi Awwad al-Harbi Exchange requirements for technical commitment to regulatory and regulatory controls. Emphasizing at the same time his decision to place this institution under better follow-up to the verification of the effective application of all relevant regulatory and regulatory controls.
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