Investor Relations

| Credit Ratings | Stock Activity | Financial Statements | Board of Directors | Management | Compliance |

Compliance

Combating Money Laundering and Terrorism Financing Activities

Name of Institution: The Saudi Investment Bank

Address: P.O. Box 3533, Riyadh 11481, Kingdom of Saudi Arabia

Commercial Registration number: 1010011570 dated 15 March 1977 issued by Ministry of Commerce and Industry

Banking license: Issued by the Saudi Arabian Monetary Agency (SAMA).

The following statements are to be taken as a confirmation of the position of The Saudi Investment Bank with regard to adherence to a framework of compliance with Anti-Money Laundering measures and Know your Customer policy.

1. The Saudi Investment Bank actively and systematically pursues and implements an AML & KYC programs.
2. The Saudi Investment Bankis regulated and supervised by the Saudi Arabian Monetary Agency (SAMA), Kingdom of Saudi Arabia, where the bank is domiciled and where the license to conduct banking business, has been issued.
3. 3. The Saudi Arabian Monetary Agency (SAMA) requires all financial institutions operating in the Kingdom of Saudi Arabia, to have AML and KYC procedures and has circulated guidelines for the same. The Saudi Investment Bank is in compliance with such guidelines and has established written policies and procedures relating to combating money Laundering activities. It has a dedicated unit that monitors the implementation of policies and procedures. The AML policies cover all the bank's branches.
4. The Saudi Investment Bank confirms that the Bank's Internal and External Auditors regularly test the adequacy of AML policies and procedures and their application.
5. The Saudi Investment Bank has a well established "Know Your Customer" policy, which is strictly enforced throughout the bank, whereby the customer's data is captured in the bank's database and regularly updated as required.
6. The Saudi Investment Bank does not open accounts for "Shell banks" i.e. with no physical presence.
7. The Saudi Investment Bank has a formal documentation retention and retrieval policy, under which records are maintained for customer identification, account data and transaction records, in accordance with the laws and regulations of the Kingdom of Saudi Arabia.
8. 8. For all incoming and outgoing fund transfers, The Saudi Investment Bank identifies the applicant's and the beneficiary's names and addresses as well as the purpose of the transfer (as deemed necessary) and abides by the Saudi Arabian Monetary Agency (SAMA)'s monitoring guidelines on funds transfers.
9. The Saudi Investment Bank has implemented regular training programs for AML procedures, systems and initiatives for all its employees and new hires.
10. The Saudi Investment Bank participates in combating money-laundering activities jointly with the other Saudi Banks and is an active member of the Financial Crimes and Money Laundering Committee (FCML), which holds regular meetings under the auspices of SAMA.

US PATRIOT Act 2001 Certification.
View | Download it as PDF.

US PATRIOT Act 2001 Recertification.
View | Download it as PDF.