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Banque Saudi Fransi announces the impact of precautionary and preventive measures recently undertaken to limit the spread of Coronavirus (COVID-19) pandemic

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Announcement Detail In light of the current precautionary and preventive measures undertaken by the authorities in the Kingdom of Saudi Arabia to prevent the spread of Novel Coronavirus (COVID-19) pandemic and given the inability to determine or know the duration of these precautionary and preventive measures, it is difficult for the bank to determine the size and extent of the financial impact at this stage. However, any significant developments will be announced in due course.

The bank assures that its financial soundness indicators are strong and able to stand the current economic challenges. In addition, the Royal decrees and the Government initiatives to support the private sector will limit the economic and financial impact resulting from the precautionary and preventive measures taken to limit the spread of Coronavirus (COVID-19) pandemic.

In compliance with Saudi Arabian Monetary Authority’s (SAMA) instructions, the bank’s branches and remittance centers have resumed operations according to the working hours set by SAMA while complying with the required precautionary and preventive measures. Furthermore, all banking services are available to customers and can be provided through the bank’s electronic channels.

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