In this Law, the following words and phrases shall have the meanings assigned
thereto, unless the context requires otherwise:
1. Money: All currencies traded officially in the Kingdom; whether banknotes or coins.
2. Precious metal: All valuable natural and synthetic metals and stones, which may be converted into money.
3. Negotiable instrument: All instruments of monetary value such as monetary checks in the currency of the Kingdom of Saudi Arabia and other currencies of all denominations, stocks, bonds, sukuk, and other securities.
4. Activity: Transport of money, precious metals, and negotiable instruments.

1. This Law shall apply to the following:
a) Financial institutions and companies such as banks, currency exchange businesses, or investment or insurance institutions and companies operating in the Kingdom the work of which requires the transport of money, precious metals, and negotiable instruments.
b) Precious metal factories, showrooms, and retail outlets in the Kingdom, with respect to transporting precious metals.
c) Saudi establishments and companies licensed to provide private security services when transporting money, precious metals, and negotiable instruments.
2. Issuing licenses for the transport of money, precious metals, and negotiable
instruments shall be restricted to the entities referred to in paragraph (1) of this Article, provided that the entities referred to in subparagraphs (a) and (b) of said paragraph have departments designated for security.

1. Applications for the issuance and renewal of licenses for the activity shall be submitted to the General Directorate of Public Security. The Implementing Regulations of this Law shall specify the required documents and conditions.
2. License applicants shall, upon issuance or renewal of licenses, pay an annual fee of one thousand riyals. The Implementing Regulations shall specify the conditions therefor.

The Minister of Interior, or his designee, shall issue a decision approving the applicant's engagement in the activity, pursuant to which the Director of the General Directorate of Public Security shall issue the license for three renewable years. The license shall indicate the province or provinces in which the activity can be conducted.

A licensee shall undertake to conclude an insurance policy with an insurance company licensed to operate in the Kingdom. Such insurance policy shall cover the value of all transported items.

A licensee shall notify the relevant authority at the General Directorate of Public Security of any transport of items the value of which exceeds five hundred
thousand riyals in due time prior to commencement thereof. The licensee shall comply with the proposed route and not change it without prior coordination with said authority. Money shall only be received and delivered during the official working hours of banks and currency exchange institutions and companies. 

Without prejudice to the statutory powers of other authorities, licensees shall, with respect to the activity, be subject to the direct oversight of the competent public security departments in various provinces pursuant to the Implementing Regulations of this Law.

Subject to relevant conditions provided for in the Law of Private Security Services, any person in charge of the management of the licensed entities referred to in Article 2(1)(a and b) of this Law or the management of security departments in the licensed entities referred to in Article 2(1)(c) of this Law shall meet the following requirements:
1. Be a Saudi citizen of not less than 25 years of age.
2. Hold a university degree or equivalent.
3. Not have been sentenced to a hadd punishment or for a crime impinging on honor or integrity, unless rehabilitated.

A crew member of a vehicle used in the activity shall meet the following requirements:
1. Be a Saudi citizen of not less than 20 years of age and not more than 50 years.
2. Hold no less than a general secondary school certificate or equivalent.
3. Not have been sentenced to a hadd punishment or for a crime impinging on honor or integrity, unless rehabilitated.
4. Be physically fit.
5. Have completed the necessary training requirements in centers approved by the General Directorate of Public Security.

Crew members of vehicles used in the activity shall take all necessary measures to ensure the safety of transported items. They may not leave such vehicles during transportation whether within or outside city limits.