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  An Official Spokesman of the Ministry of Finance: No plan to impose government fees on financial transfers from Saudi Arabia to abroad

​The Official Spokesman of the Ministry of Finance declares that there is no plan for the Kingdom of Saudi Arabia to impose government fees on financial transfers to abroad. Responding to a question on social media reports recently being circulated that the Kingdom of Saudi Arabia is considering a proposal to impose government fees on financial transfers to abroad, the official spokesman denied the reports, confirming that the Kingdom has no such plans. Nonetheless, He explained that the Kingdom is committed to the principle of freedom of financial capitals flow, including transfers to and from the Kingdom as per the international trends in this regard.

Last Update : 1/23/2017 2:51 PM