Activities Requiring the Agency's Approval in the Saudi Banking Control Law
الأعمال المشروطة بموافقة المؤسسة — نظام مراقبة البنوك
Prior written permission from the Agency is required to change capital, merge or join another bank, acquire shares in companies outside the Kingdom, stop banking business (with depositors' rights protected), and open branches and offices inside or outside the Kingdom.
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Other topics in the Saudi Banking Control Law
Definitions of Banking BusinessLicensing Banking BusinessStatutory Deposit and LiquidityLending Limits and Credit FacilitiesActivities Prohibited to BanksBank Boards and ManagersBank Profits and Statutory ReserveAuditing Bank Accounts and Financial StatementsThe Agency's Supervision and InspectionMeasures Against Violating BanksPenalties for Banking Law Violations