Banks In Saudi Arabia Working Hours

Working hours rest days and overtime in saudi arabia the kingdom of saudi arabia has its own provisions when it comes to working hours rest days and overtime.

Banks in saudi arabia working hours. 13 local banks and 17 branches of foreign banks. Generally friday is the weekly off thursdays and fridays are the weekly offs for government offices and banks. Saudi arabian monetary authority sama said in the statement that delivery centers across the country would be open daily from 7 00 am to 4 00 pm. It was established in 1979 and has about 150 domestic branches and one branch in london.

There is a total of 24 banks in saudi arabia. Working hours for saudi arabian riyal interbank express sarie will extend from 10 00 am until 4 00 pm. There are 13 local licensed banks in saudi arabia. National licensed commercial banks in saudi market.

Out of these 24 12 are local banks and the rest are the branches of foreign banks. With about 70 branches and 550 atms it has a market capitalization of us 3 6 billion january 7 2018. An employee working in saudi arabia is not supposed to work continuously more than 48 hours a week without a day off. Lost or stolen bank cards in saudi arabia.

What would be the new working hours for delivery centers. Although it depends on the card provider new cards are generally issued within two to five working days. Saudi arabian monetary authority sama the kingdom s central bank announced the working hours for saudi banks during the holy month of ramadan in addition to eid al fitr holiday. Some banks may reopen from 4 30pm to 6 30pm.

Alawwal bank formerly known as saudi hollandi bank is the first bank opened in the kingdom of saudi arabia. The banks have to inform account holders about working hours and branch names. The saudi arabian monetary authority sama controls and regulates the whole banking system in saudi arabia. Banks open at 8am but then close by 1pm.

Banks in saudi arabia are well equipped to handle lost or stolen cards. It is stated clearly in their labor law the maximum number of hours an employee should render the specific rest days in a week and the payment for overtime. Expats working in saudi arabia are advised to open accounts with their employer s bank. Opening hours and bank holidays general information export gov us commercial service doing business in saudi arabia communicaid services for business global affairs canada commisceo global saudi arabian business culture as per commisceo global opening hours and days the saudi working week begins on sunday and ends on thursday.

Structure of banks in saudi arabia. Loans and credit are offered by both local and international banks. Arab national bank anb one of the ten largest banks in the country. Bank opening hours saudi banks operate differently to western banks.

Call your bank or credit card company as soon as you notice a lost card and ask for it to be blocked. The working hours of delivery centers shall not be less than. It is the central bank of saudi.