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SAMA Updates Regulations of Temporary Precautionary Procedures to Protect Bank Clients from Financial Fraud

A general view of Riyadh city, Saudi Arabia, February 20, 2022. (Reuters)
A general view of Riyadh city, Saudi Arabia, February 20, 2022. (Reuters)
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SAMA Updates Regulations of Temporary Precautionary Procedures to Protect Bank Clients from Financial Fraud

A general view of Riyadh city, Saudi Arabia, February 20, 2022. (Reuters)
A general view of Riyadh city, Saudi Arabia, February 20, 2022. (Reuters)

The Saudi Central Bank (SAMA) announced on Tuesday it was updating the regulations of the temporary precautionary procedures to protect bank clients from financial fraud, reported the Saudi Press Agency (SPA).

Banks were informed of these procedures on April 7, upon assessments and follow ups that had been made in recent days.

The update included re-increasing the minimum limit of daily transfers for bank clients to the previous limit, where the client can reduce this limit through contacting banks.

The updates also allow the possibility to open bank accounts online in line with organizational procedures.

The new regulations go into effect on Tuesday.

SAMA urged bank clients to practice the highest degrees of caution against fraud operations and abstain from disclosing bank and personal data, such as passwords and PINs, to any individual or party, highlighting the importance of verifying the credibility of websites they deal with.

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Gulf

Saudi Leadership Offers Condolences to Libyan Presidential Council on Death of Chief of Staff

Turkish search and rescue team members arrive to the crash site of a jet carrying Libya's army chief of staff Mohammed Ali Ahmed Al-Haddad near Kesikkavak village, Türkiye, December 24, 2025. (Reuters)
Turkish search and rescue team members arrive to the crash site of a jet carrying Libya's army chief of staff Mohammed Ali Ahmed Al-Haddad near Kesikkavak village, Türkiye, December 24, 2025. (Reuters)
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Saudi Leadership Offers Condolences to Libyan Presidential Council on Death of Chief of Staff

Turkish search and rescue team members arrive to the crash site of a jet carrying Libya's army chief of staff Mohammed Ali Ahmed Al-Haddad near Kesikkavak village, Türkiye, December 24, 2025. (Reuters)
Turkish search and rescue team members arrive to the crash site of a jet carrying Libya's army chief of staff Mohammed Ali Ahmed Al-Haddad near Kesikkavak village, Türkiye, December 24, 2025. (Reuters)

Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud sent on Friday a cable of condolences to President of Libya's Presidential Council Dr. Mohamed Al-Menfi on the death of the Chief of the General Staff of the Libyan Army and his companions following a plane crash in Türkiye earlier this week.

King Salman extended his sincere condolences and sympathy to the president and the families of the deceased.

Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, sent A-Menfi a similar cable.

Experts have started analyzing the black boxes recovered from the jet crash in Türkiye that killed eight people, including western Libya’s military chief, the Turkish defense ministry said Thursday. The probe was being done in coordination with Libyan officials.

The private jet with Gen. Mohammed Ali Ahmed Al-Haddad, four other military officers and three crew members crashed on Tuesday after taking off from Ankara, killing everyone on board.

Libyan officials said the cause of the crash was a technical malfunction on the plane.

Gulf

UAE Welcomes Saudi Efforts to Support Security in Yemen

The UAE said it welcomes Saudi efforts to support security and stability in Yemen. (Reuters)
The UAE said it welcomes Saudi efforts to support security and stability in Yemen. (Reuters)
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UAE Welcomes Saudi Efforts to Support Security in Yemen

The UAE said it welcomes Saudi efforts to support security and stability in Yemen. (Reuters)
The UAE said it welcomes Saudi efforts to support security and stability in Yemen. (Reuters)

The United Arab Emirates welcomes Saudi Arabian efforts to support security and stability in Yemen and ​remains committed to backing stability in the country, the UAE’s foreign ministry said on Friday.

"The UAE reaffirmed ‌its ⁠steadfast ​commitment to ‌supporting all endeavors aimed at strengthening stability and development in Yemen," it added.

Gulf

Yemeni Government Welcomes Saudi Statement on Hadhramaut, Al-Mahra

A view of Yemen's interim capital Aden. (Reuters)
A view of Yemen's interim capital Aden. (Reuters)
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Yemeni Government Welcomes Saudi Statement on Hadhramaut, Al-Mahra

A view of Yemen's interim capital Aden. (Reuters)
A view of Yemen's interim capital Aden. (Reuters)

The Yemeni government welcomed on Thursday the statement by the Saudi Ministry of Foreign Affairs, praising its "clear and responsible stance on recent developments in Hadhramaut and Al-Mahra governorates."

The government acknowledged the Kingdom’s "persistent efforts to contain the escalation, protect the interests of the Yemeni people, and maintain security and stability in the eastern governorates."

In a statement carried by the official news agency SABA, the government commended "the leading role of Saudi Arabia, in coordination with the United Arab Emirates, in supporting the de-escalation process, restoring normalcy, upholding the state’s institutional frameworks, and reinforcing the role of local authorities, all under the supervision of the coalition forces."

The government reiterated "its full support for the Kingdom’s efforts, emphasizing the importance of prioritizing the public interest, exercising restraint, and urgently ending the escalation to restore peace, social security, and national unity."

The stability of Hadhramaut and Al-Mahra and the integrity of their social fabric remain a top national priority, it added.

"Any security or military measures taken outside the state’s constitutional and institutional frameworks, or without coordination with the Presidential Leadership Council, the government, and local authorities, are unacceptable and create unnecessary tension during this sensitive period," it warned.

The government underlined Yemen’s "firm stance on the Southern cause, describing it as a just cause with historical and social dimensions."

It noted that "significant progress has been achieved through national consensus, ensuring justice, partnership, and the preservation of social peace, far from any logic of dominance or escalation."