The Saudi Central Bank (SAMA) has decided to revoke Ahmed Ibrahim Suleiman Al-Buti Establishment’s license to conduct money exchange business in Saudi Arabia under paragraph (b/7) of Article 34 of the Rules Regulating Money Changing Business. Stakeholders with existing rights and claims should contact the establishment. SAMA also urged customers to deal exclusively with authorized financial institutions, whose status can be verified on its website.
Saudi Central Bank announces revocation of Ahmed Ibrahim Suleiman Al-Buti Establishment’s money exchange license
The Saudi Central Bank (SAMA) has announced the revocation of Ahmed Ibrahim Suleiman Al-Buti Establishment’s money exchange license in Saudi Arabia. Stakeholders with existing rights and claims should approach the establishment. Customers should use only authorized financial institutions and can check their authorization on SAMA’s website.