Custodian of the Two Holy Mosques King Salman bin Abdulaziz issued on Monday his directives to the Saudi Arabian Monetary Authority (SAMA) to ensure that banks will not take advantage of the recent increase in living allowances and bonuses on which a royal order was issued.
King Salman’s directives mean that banks will not deduct any amount or fees from these allowances and bonuses for repayment of personal loans and other financing obligations, reported the Saudi Press Agency.
