No. 8620/BC/116

Date: 2-6-1403 H

(16-3-1983A.D)

Very Important

Circular to All Banks Operating in The Kingdom

HE the General Manager

Greetings,

SAMA has received the letter of HE the Minister of Finance & National Economy No. 2693/403 dated 1-6-1403H, based on the order of His Majesty the President of the Council of Ministers No. 12292 dated 24-5-1403H, to the effect that the import of wheat shall be restricted to the General Institution of Silos and Flour Mills.

Hence, we hope you will not open bank credits for importing wheat and instruct all your branches to act accordingly.

Regards,

Director General of Banking Control

Omar. A. Sujaini

CC.: The Office of HE the Governor

The Office of HE the Vice Governor

Banking Control (3 copies)