Violation Description

Delay in increasing the partial guarantee value within the specified periods in the Executive Regulations

Penalty stages

1. First time Warning

30 days

2. Second time Notice

Failure to correct the violation within the notice period results in a penalty of 2,500 SAR

3. Third time Penalty

2,500 SAR for every 30 days of delay from the date of the penalty notice

Important Notice

After 180 days from the due date, it is referred to the Violations Committee to determine penalties.