The Saudi Central Bank announced that the implementation of regulations on the electronic issuance and verification of banking documents will begin on April 1, 2022, The new regulations aim to enhance the quality of electronic services for banking sector customers and improve their quality and effectiveness, thereby facilitating financial transactions, saving time and effort in obtaining documents and certificates, and instilling confidence in the authenticity of electronically issued documents.

The Central Bank explained that the regulations specify the conditions banks must observe when issuing banking documents, in addition to requiring banks to provide electronic verification for banking documents issued electronically or on paper, and that these documents must include a reference to the method by which

The Central Bank noted that these regulations include the minimum set of banking documents required to be made available for electronic issuance, which are the most frequently requested by customers, such as bank certificates, proof of debt, and releases. It also emphasized the obligation to issue bank documents within the timeframes specified by the relevant Central Bank instructions and to establish procedures and measures to ensure compliance with these regulations.