Friday, October 3, 2025
Saudi Central Bank (SAMA) Orders Banks to Ensure Timely Salary Payments
The Saudi Central Bank (SAMA) has ordered all local banks and financial institutions to make sure salaries and financial support are paid to employees immediately, without any delays, once companies or establishments deposit them.
In a circular sent to banks and financial institutions, SAMA listed seven key rules to avoid delays in salary and financial support payments. The circular explains the steps and systems required to ensure smooth and on-time deposits for employees across all sectors. Recommend: 4th phase of salary transfer for domestic workers via Musaned launched
The seven main directives include:
1. Immediate deposits: Banks must deposit and transfer all salaries and financial support, including government salaries received through the Central Bank, as soon as the required data is complete.
2. Qualified resources: Banks must provide trained staff and the technical tools needed to process these payments without issues.
3. System readiness: Monitoring systems must be prepared and updated both technically and operationally during salary and support deposit periods. Backup plans should also be in place in case of technical failures.
4. System assessments: Any changes or updates to banking systems must be checked to ensure they do not affect salary and support payments.
5. Reporting Distributions: The Saudi Financial Transfer System requires banks to inform SAMA via Treasury Support Messages in the event of any payment processing delays or problems. The notice should explain the cause and the expected completion time, and a full report must be submitted to the authorities. See Also: Saudi Arabia launched an initiative to correct Huroob status of expat workers
6. Escalation mechanism: Banks must create an internal process for quickly handling problems that delay salary transfers. Any technical issue must be promptly reported to SAMA's Executive Department of Operational Resilience Control together with all relevant details regarding the situation and the actions that have been taken. If there is any delay or problem with government salary payments, SAMA must be notified before 11:00 a.m. on the payment day.
7. Detailed Reports: Financial institutions are required to notify SAMA of any government salary payments received by the Central Bank no later than three business days after the payment was made. Information on processed and declined transactions, as well as the names and contact details of employees accountable for handling these funds, should be included in the reports.
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