Committees for resolving financial and financing disputes
The Committee for Settlement of Violations and Financing Disputes) specializes in the following:
- Adjudicating violations, disputes, and public and private rights lawsuits arising from the application of the provisions of the Finance Companies Control System and the provisions of the Financial Leasing System and their regulations, rules and instructions.
- Resolving the grievances of stakeholders regarding the relevant decisions of the Saudi Arabian Monetary Agency, provided that the grievance thereof must be submitted within sixty days from the date of notification of the decision.
- All necessary powers to investigate and decide cases - within its jurisdiction - including the power to summon witnesses, issue decisions, impose penalties, and order the submission of evidence and documents.