The Saudi Arabian Monetary Authority has revoked the license of Hisham Khalid Suleiman Kalkatawi Establishment to conduct money exchange business in Saudi Arabia. The revocation was made following a request from the establishment itself. The decision was taken under Paragraph (b/5) of Article (34) of the Rules Regulating Money Changing Business. Stakeholders with existing rights or claims were directed to refer to the establishment, and the authority reiterated that customers should deal only with authorized financial institutions, which can be checked on its website.
Saudi Arabian Monetary Authority2026-07-07
Saudi Arabian Monetary Authority revokes Hisham Khalid Suleiman Kalkatawi Establishment money exchange license at the firm's request
The Saudi Arabian Monetary Authority has revoked the money exchange license of Hisham Khalid Suleiman Kalkatawi Establishment in Saudi Arabia. The action followed a request by the establishment under the Rules Regulating Money Changing Business. The authority also told stakeholders with claims to contact the establishment and urged customers to use only authorized financial institutions.