Saudi Central Bank (SAMA) Cancels License of Hisham Khalid Suleiman Kalkatawi's Exchange Company

The Saudi Central Bank (SAMA) has canceled the license of Hisham Khalid Suleiman Kalkatawi Exchange Establishment in Saudi Arabia at the company's request. The establishment had been operating in currency exchange since 2011 in Mecca. This cancellation decision is part of regulations requiring adherence to conditions such as providing bank guarantees and audited financial records. It is worth noting that the establishment was licensed only for foreign currency trading and tourist check transactions, and it is not permitted to transfer funds outside Saudi Arabia without additional licenses.

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