Agreement on the Law of Linking Payment Systems between the GCC countries

Release Date:	1442-05-21
Release Tool:	Royal Decree
Issuance Instrument Number:	m/105
Validity:	Valid
Summary:	By AI A royal decree was issued by Salman bin Abdulaziz Al Saud approving the Agreement on the Linking of Payment Systems between the Gulf Cooperation Council countries, which was adopted during the forty-first session of the council. The Agreement aims to enhance economic cooperation among the member states (UAE, Bahrain, Saudi Arabia, Oman, Qatar, and Kuwait) by facilitating cross-border payment transfers and settlements. The Agreement includes the establishment of an independent company to manage t...

Release Date:

1442-05-21

Release Tool:

Royal Decree

Issuance Instrument Number:

m/105

Validity:

Valid

Summary:

By AI

A royal decree was issued by Salman bin Abdulaziz Al Saud approving the Agreement on the Linking of Payment Systems between the Gulf Cooperation Council countries, which was adopted during the forty-first session of the council. The Agreement aims to enhance economic cooperation among the member states (UAE, Bahrain, Saudi Arabia, Oman, Qatar, and Kuwait) by facilitating cross-border payment transfers and settlements. The Agreement includes the establishment of an independent company to manage t...