Activities Prohibited to Banks in the Saudi Banking Control Law
الأعمال المحظورة على البنوك — نظام مراقبة البنوك
Banks may not engage in wholesale or retail trade or import and export, or take a direct interest in commercial, industrial or agricultural ventures, and must dispose of assets taken in settlement of debt within two years; no buying bank shares without approval; limits of ten and twenty percent on holding company shares; real estate only as needed, with acquired property sold within three years.
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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 Requiring the Agency's ApprovalBank Boards and ManagersBank Profits and Statutory ReserveAuditing Bank Accounts and Financial StatementsThe Agency's Supervision and InspectionMeasures Against Violating BanksPenalties for Banking Law Violations