Versions

 

Article (51) Place of Business

(a) No Licencee may, without a prior written approval of the Central Bank:
1. Open a new place of business in the Kingdom.
2. Close or change an existing place of business in the Kingdom.
3. Open a new place of business abroad if the licensee is incorporated in the Kingdom.
(b) The Central Bank may restrict its approval stipulated in the preceding paragraph, to any other conditions, as it may deem necessary.