Date and Time

Branch
Branch Code
Customer Identification Code (CIC)
I/we would like you to open a current account for my/our interest according to the bank procedures, and as per the following
information
Customer Information
First Name Second Name Third Name Family Name

Title Nationality

Gender  Male  Female

ID Details
ID NO. Place Of Birth Place of Issue Date of Issue

Others(Specify) Iqama Saudi ID Date of Expiry Date Of Birth

**Nature Of Stay in Kingdom  Resident  Non-Resident

** Saudi Citizens are Considered as Residents Whether They Are In The Kingdom Or Outside
Special For Non-Saudis **
Passport No. Place of Issue Date Of Issue Date Of Expiry

Name As In Passport
Address In Country of Origin
Marital Status
Single Married Others No Of Dependents

Residence
Employer's Residence  Rent  Family  Own 

City District Main land

P.O. Box Postal Code Street
Tel Mobile Fax
E-Mail

Academic Qualifications
Postgraduate  University  High School  Pre-High School 
Employment Status
Business Owner Retired Unemployed Others(Specify)…….
If customer is employee
Govt. Employee. A / Govt. Civilian (Specify)
B / Military (Specify Bank)
Private Employee (Specify)
Others (Specify)
Date Of Joining Job Title Employer Name
Employer Address in Detail :
City District Main land
P.O. Box Postal Code Street
Tel Mobile Fax
E-Mail

Financial Transaction For Individual Account:

Principal Source of Income:  Payroll from current job  Payroll from Previous Job  Inheritance  Trade
 End Of Service Benefits  Savings

Business Districts Location Job Relation

Partner's Name Nature of Relations
Partner's Name Nature of Relations
Partner's Name Nature of Relations

Reference No: CA2019V1 Page 1 of 8

 Investment 1
Company Place
Capital Description
Investment 2
Company Place
Capital Description

Main Reason For Account Opening  Personal  Payroll  Others(Specify)

Type of Transactions Execution from Account
Others(Specify)
Expected average balance per month
Expected maximum amount of one transaction to be performed per
month
Expected maximum amount of one transfer per month
Expected maximum number of transactions from / to A/C per month
Expected maximum Foreign transfer incoming/outgoing per month

Channels to be Used
Customer Identification Code (CIC)
Account Number
Customer Name

A/C Type  Joint  Individual

Juridical Status
A/C Sub Category
A/C Currency
Statement of Frequency  Not Required  On Request  Annually  Quarterly Monthly

Preferred Language Arbic  English Correspondence Address Work  Home

A/Cs with Al-Rajhi and/or with other Banks
Certified By Shari'a Committee Under Ruling No. 688

Branch Name Bank Name A/C NO Type of A/C

The bank has the right to close the accounts and e-channel services subject to the following conditions:
 If there is no deposit for 90 consecutive days from the date of opening of the account; with the exception of
government agencies provided they take approval of the Ministry of Finance.
 If the customer opened a new account with initial deposit and the balance gradually decreased upto zero, the bank
reserves the right to close the account if the balance remained zero for 4 years consecutively, provided there is no
obligation to account for the benefit of the bank or third party. The bank will send a month notice to the customer to
take necessary action and keep the notice for records.
 In the event of using the account for any purpose other than stated in the form at the time of account opening and
the bank cannot verify the relationship or the type of transaction, the money/balance will be returned to the source,
and the account will be closed. In case the transactions are of suspicious nature or violating (money laundering,
terrorism) the regulatory requirements, the bank shall take necessary action.
 If the customer decides to close his account with the bank, he needs to give request in writing along with the un used
checks, ATM card and any refundable products. The bank with then destroy all these documents in front of the customer provided
there is no obligation on the customer.

** Details for joint Accounts

Number of Partners
Account Name

Signature by  All partners  Delegated partners  Any Partners

Partners / Owners 1
Name Date of Birth Place of birth relation ID Type

ID Number Issue Place Issue Date Expiry Date

Partners / Owners 2
Name Date of Birth Place of birth relation ID Type

ID Number Issue Place Issue Date Expiry Date

Reference No: CA2019V1 Page 2 of 8

Authorized to Operate Account 1
Name Date of Birth Birth Place ID Type Issue Place

ID Number Issue Date Expiry Date Delegation Date Cancelation Date

Authorized to Operate Account 2

Name Date of Birth Birth Place ID Type Issue Place

ID Number Issue Date Expiry Date Delegation Date Cancelation Date

Information for Special Cases

Acquaintance for Women  Guardian for trustee for the incapacitated person  Acquaintance for illiterate & blind
Id Type  Saudi ID  Iqama CR/License  Other (Specify)
First Name Second Name Third Name Family Name

Nationality Birth Date Birth Place ID issue place

ID issue Date ID Expiry Date ID Number

Employers Details Job Title

City District Main land
P.O. Box Postal Code Street
Tel Mobile Fax
Email

I acknowledge that the customer understands and approve on the conditions and provisions which special for opening account
form.
Signature of (Acquaintance/Guardian)

** Independent Application to be filed each A/C partner & All Applications should be kept in one file under one A/C name and
number (as per agreement between partners)

Foreign Account Tax Compliance Act (FATCA) Definitions

US Resident - US resident is a US citizen or other person with residency (Green Card or substantial Presence) regardless of
where physically resident

Green Card holder - A person with permanent residence status in the USA.
Born in the USA - a person born in the USA is considered a “US Citizen” – by birth or naturalization, unless the person has
formally renounced citizenship

Substantial Presence Test - You will be considered a United States resident for tax purposes if you meet the substantial
presence test for the calendar year. To meet this test, you must be physically present in the United States (U.S.) on at least:
 31 days during the current year, and
 183 days during the 3-year period that includes the current year and the 2 years immediately before that, counting:
 All the days you were present in the current year, and
 1/3 of the days you were present in the first year before the current year, and
1/6 of the days you were present in the second year before the current year

Common Reporting Standard (CRS) Definitions

Tax Residency - Your tax residency is the country where you are resident/registered for tax purposes. Each country has its
own rules for defining tax residence. For more information on tax residence, please consult your tax advisor or the information
at the OECD automatic exchange portal (http://www.oecd.org )

Tax Information Number - A Taxpayer Identification / Information Number (TIN) is a unique combination of letters and/or
numbers assigned to you. Some countries do not issue a TIN, but may rely on other issued numbers such as social
security/insurance numbers or company registration numbers for entities. You may need to provide these if requested. The
OECD has published a list of the acceptable Taxpayer Identification Number (TIN) formats and their alternatives.

Reference No: CA2019V1 Page 3 of 8

Title Mr.  Mrs.  Miss  Other 
Customer Full Name in Arabic (First/Middle/Last):
Customer Full Name in English:
(First/Middle/Last):
Date of Birth (Gregorian/Western) D D M M Y Y Y Y
Town or City of Birth:
Country of Birth:
Current Residence Address - (National address)
Building Number
Street Name
District
City
Postal Code and Additional Number (if any)
Country
Mailing Address
(if different from the Current Residence)’ to be included

Building Number
Street Name
District
City
Postal Code and Additional Number (if any)
Country
Are you a Tax Resident of any country or countries Yes ☐ No ☐
outside of Saudi Arabia? (by selecting ‘No’, I confirm that
Saudi Arabia is my sole residency for tax purposes)
If Yes, please complete section B

Section B – Tax Residency Information

Please specify your Country (ies)/Jurisdiction(s) of Residence for Tax Purposes including Taxpayer Identification number.
If you are a Tax Resident of the United States of America (USA), please also complete Section C)

Country/jurisdiction (Abbreviations are not Taxpayer Identification Number

*If no TIN available enter Reason A, B or C
Allowed) (TIN)or Functional Equivalent

1
2
3
*If TIN is not available please choose one of the following reasons:
A. The country/jurisdiction where the Account Holder is resident does not issue TINs to its residents
B. The Account Holder is otherwise unable to obtain a TIN or equivalent number (Please explain why you are unable to obtain a TIN if
you have selected this reason):
Country1:……………………………………… Country2:……………………………………… Country3:………………………………………
No TIN is required. (Note. Only select this reason if the domestic law of the relevant jurisdiction does not require the collection
of the TIN issued by such jurisdiction)

Section C – USA Tax Residents

If you are a USA Tax Resident, please provide one of the following TINs. A US TIN can be one of the following:
1. A Social Security Number (SSN), or
2. An Individual Taxpayer Identification Number (ITIN)
Please provide your TIN in one of the lines provided below:

SSN N N - N N N N N N N *

ITIN N N N - N N - N N N N

Reference No: CA2019V1 Page 4 of 8

 Section D –Declaration and Signature
I declare that all the particulars and information provided herein, are true, correct, complete and up-to-date in all respects and I have not
withheld any information and I acknowledge that Al Rajhi Bank (Bank) will rely on the information provided in this form until notice in writing
satisfactory to the Bank of its revocation and by submission of an updated Self-Certification & Declaration Form is received by the Bank, within
30 days where any change in circumstances occurs.
I hereby undertake to inform the Bank of any change in information / circumstances provided, and to furnish to the Bank any
changes/amendments taking place in future with reference to the documents submitted by me/us as and when such changes/amendments
occur.
I undertake to inform the Bank if I am away from my own country of residence for any period that may impact the United States Substantial
Presence Test as herein defined, or the presence test related to any other countries I am tax residents in.
I confirm and accept that should any withholding, tax, other impositions or other governmental dues related to me become payable to domestic
or overseas regulators or tax authorities, all payments made to me shall be net of any such taxes etc.. Al Rajhi Bank assumes no liability in this
regard.
I waive the Bank of its duty of confidentiality and grant Al Rajhi Bank the liberty to make available, as and when required by law/authorities, to
the Courts, regulatory/or other authorities of Saudi Arabia or my country of residence or the country in whose currency this account will be
maintained or routed, or to any other regulator/tax authority or other authorities in domestic and other jurisdictions, any information relating to
my account, without any prior consent from me.
Any information / documents provided by you or your authorized representative in relation to this self-certification form shall only be disclosed to
the relevant authorities for the purpose of compliance with FATCA and / or CRS requirements.
Name of Signatory in Arabic

Name of Signatory in English

Capacity of Signatory:
(Please tick 1 box only)
Date Account Holder ☐
Power of Attorney ☐
Guardian ☐
D D M M Y Y Y Y Other (Please specify below) ☐
______________________________________

Opening Bank Account Terms and Conditions

(Current Account)

Opening Current Account Terms and Conditions

1. Al Rajhi Banking and Investment Corporation (Company) shall be responsible for opening a current account for its customers, in which it shall
record all its credit or debit amounts, either in cash or transfer of any kind.
2. The Company may use the amounts recorded in such account, with a guarantee to pay the same upon request. The customer is not entitled to
receive interests for such amounts as being prohibited under Sharia laws.
3. The dealing in the mentioned account shall be only by the customer him/herself or by his/her representative, and shall notify the Company in
writing .
4. The customer authorizes the Company without referring to the customer to credit his/her account by the cheques or money deposited by
him/herself or others in his/her account.
5. The customer is committed to keep his/her checkbooks issued by the Company and to notify the Company if they were lost, and to cooperate
Certified By Shari'a Committee Under Ruling No 19037

with the Company to give any information on how to keep it, and to return it in case of closing his/her account as per his/her request or his/her
authorized representative's request or by the Company if the account remained without balance for four months after notifying the customer in
writing.
6. The customer agreed to provide the Company with specimens of his/her signature, a signature of his/her representative; such specimens shall
be considered legal and approved for all operations on the account.
7. The customer authorized and requested the Company to accept and pay all cheques, promissory notes and all payment orders drawn by the
customer to the Company by him/her self or his/her representative. If the account was debit, the Company may execute the directives issued thereto
regarding this account provided such directives are signed by the customer or his/her authorized signatory, and he shall be indebted to the company
for all debit balance.
8. The Company may, without pursuing the customer, merge or consolidate the balances of the customer's opened accounts by any currency in
any branch or centre of Company branches and centers to meet any obligations of the customer towards the Company, and set-off or transfer any
amounts the customer is entitled to from the Company to pay such obligations arising from any account. In addition, the Company may debit the
customer's account all the due from him/her against guarantees, bills, checks, payment orders or any other negotiable documents or sent by him/her
for collection either in SAR, other currencies or in precious metals of the same due kind or other kinds; in addition to making any necessary
replacement by the current price at the time of replacement. ARB may stop withdrawals from any account opened by the customer's name at any
time and demand the customer to repay any payable debit balance immediately irrespective of any insurance or guarantees of the customer against
its obligations towards ARB.
9. The Company may take from the customer a determined fee as declared in Company branches and/or electronic channels against the available
services.
10. The customer agrees to link his/her mobile number registered in the current account opening form with OTP notification service and all Al Rajhi
Bank electronic channels along with approving the transactions and requests linked to the customer number.
11. The customer discharges ARB from any liability for the period taken to deliver SMSs (obligatory – optional – automatic) or OTP notification
service since sending them is controlled by various operators inside and outside the Kingdom.
12. The customer acknowledges that the mobile number shown in the current account opening form is registered in the customer's name, and
possessed and used only by the customer; and that ARB will send SMSs, OTPs and other financial notifications to the registered number, whenever
necessary. The customer acknowledges that he/she shall be fully responsible for maintaining and modifying the registered number via the ATM in
cases of loss alteration or failure to use such number for whatsoever reason.
13. The customer discharges ARB for any damage or loss arising out of using the mobile number registered in the current account opening form
by any person other than the customer, or using the number to access accounts other than the customer's accounts.

Reference No: CA2019V1 Page 5 of 8

 14. The Company records, documentation and accounts regarding the customer relationship with the Company are considered valid and binding
on the customer, and the customer may not oppose them, except for any restrictions or transactions prove to be done in such account illegally and
neither the customer nor his/her authorized representative was involved in that directly or indirectly, and hereby undertakes to inform the Company
of any matter in this respect.
15. The Company may at any time change or modify the terms of the account - after approval of the Sharia Board on the required amendment -
and such change or amendment shall be effective, unless otherwise opposed by the customer within one week of being so notified by the Company.
16. Any claim or dispute arising out from the application or interpretation of these terms and conditions shall be subject to the Sharia provisions and
the competent judicial authority in Saudi Arabia shall determine it.
17. Special clause in case of opening the current account in a foreign currency:
Without prejudice to the provisions of the above clauses, if the account is opened in a foreign currency approved at the Company, The deposit and
withdrawal shall be in the same currency without regard to the exchange rate with the local currency that applicable in the company. In the absence
of such currency for withdrawal, the withdrawal shall be made in Saudi riyals at the exchange rate of the day. The customer acknowledges and
agrees to bear all the fees and charges arising from such transactions.
18. ARB may, without notifying the customer, stop the debt movement on the account at the expiry of the customer's id or failure of the customer
to update his/her data in general and his/her financial and personal information, addresses, sources of funds, signatures. ARB may request data
update at any time.
19. Further, ARB may, without notifying the customer, stop the debt movement on the customer account after 24 calendar months from the date of
the last transaction performed by the customer or his/her authorized representative in relation to the account.
20. ARB may close the account permanently if it has been five years with no transaction performed during such period.
21. I do hereby, upon opening the account, undertake to use the account only for the purposes they are intended for, as per the details indicated in
the opening account agreement; not to perform any commercial transaction on my personal account, even if it is related to the company I work for;
and if I failed to comply with this condition, my account shall be suspended and my relationship with the Company shall be ended, and I may subject
to interrogation by the concerned parties to ensure the validity of transactions conducted on my account.

Acknowledgments:
1. The customer acknowledges his/her responsibility for the deposited cash in his/her account before the authorities and will report to the authorities
any questionable deposit or deposit not entitled to him/her, as soon as he/she knows about it, whether or not the deposited cash was by his/her
knowledge, and whether or not he/she disposes of such cash, and acknowledges that this cash is collected from legitimate activities, and recognizes
its integrity of any counterfeiting and forgery, and also acknowledges that he/she is not entitled to recover any forged money delivered to the
Company or to have a compensation against it.
2. The customer shall update the account data every three years at maximum or at the Company request. Further, the customer shall inform ARB
in writing of any change to the address, or the last address shall be certified for correspondence. Moreover, the customer shall also renew the
Certified By Shari'a Committee Under Ruling No 19037

representatives or authorized persons' identities, if any, and submit them to the Company before their expiry date, knowing that the Company shall
freeze his/her account if he/she violates this condition.
3. The customer undertakes and represents that he/she is not legally restricted from dealing by the account and that all of his/her details are correct
and documented and he/she understood the provisions, and terms and conditions of opening a current account.
4. We hereby agree to provide Al Rajhi Banking and Investment Corporation with any information or data it require to establish, review and manage
accounts; and we authorize it to obtain necessary or required information about the customer or the customer mentioned account or any other
customer account at it from SIMAH and to disclose the information about customer, customer account or any other account that the customer may
have with SIMAH or with any other entity approved by SAMA.
5. The customer acknowledged it has reviewed and complied with the terms and conditions indicated herein.

Al Rajhi Mada Card Terms and Conditions for Current Account

1. Al Rajhi Bank customer, by signing this form, accepts to abide by the terms and conditions of using Al Rajhi Mada Card for current account in
the lawfully and legally allowed/ permitted transactions, whether inside or outside the Kingdom of Saudi Arabia and demonstrate the same.
2. Everything results out of the card usage, whether in cases of cash withdrawal, purchasing or any other transaction, whether this was made
through the card directly or through the electronic services whereby the card is activated, shall be deducted from the customer’s account. Customer
shall, in all cases, be fully responsible for all uses and liabilities arising form using the card.
3. Without prejudice to the provisions of Clause (2), the customer authorizes ARB to debit the differences paid by ARB out of the variation of
exchange rate and transfer fees inside KSA or abroad, and to the international companies owning the dealing networks in accordance with the
annual settlement reports of the Mada Network for Payments issued by SAMA, in addition to any fees required by the international companies
concerning the issuance and usage of the card. In case the card holder uses it in purchases or services whose currency differs from the currency
of its current account (in Saudi Riyal) deduction will be made from the card account in SAR- immediately with the exchange rate determined by
ARB or the international companies owing the dealing networks, in addition to (2.75%) from the amount in return for OIF for Classic customers,
while the customer shall bear the differences resulting from the variation of exchange rate between currencies.
4. Without prejudice to the provisions of (Second) and (Third) Clauses, the customer authorizes ARB to deduct the fees shown in the table below,
whenever the conditions apply or whenever the customer uses the service:

Fees Type Classic Platinum Infinite Signature

New card issuance upon opening the account Free of charge Free of charge Free of charge N/A
Signature card issuance ******** ******** ******** According to accrual
condition *
Card renewal Free of charge Free of charge Free of charge According to accrual
condition *
Lost or damaged card reissuance SAR 30 SAR 30 SAR 30 SAR 30
Additional card issuance SAR 30 SAR 30 SAR 30 SAR 30
Cash withdrawal (Saudi Network for Free of charge Free of charge Free of charge Free of charge
Payments)
Balance Inquiry (Saudi Network for Payments) Free of charge Free of charge Free of charge Free of charge
Cash withdrawal (GCC States) SAR 10 SAR 10 SAR 10 SAR 10
Balance Inquiry (GCC states) SAR 3 SAR 3 SAR 3 SAR 3
Purchases through points of sale (GCC states) Free of charge Free of charge Free of charge Free of charge
Cash Withdrawal (International- Non-GCC SAR 25 SAR 25 SAR 25 SAR 25
states)
Balance Inquiry (International- Non-GCC SAR 3.5 SAR 3.5 SAR 3.5 SAR 3.5
states)
Purchases through points of sale (non-GCC OIF only OIF OIF OIF only
countries)
OIF: All transactions outside the Saudi 2.75% 2.50% 2.50% 2.50%
Network for Payments excluding the cash
withdrawal transactions from GCC ATMs.
* Accrual condition: annual exchange rate through points of sale outside KSA estimated by SAR 40.000 and above, whereas it continues free of
charge throughout the validity of card upon issuance to the customer.

Reference No: CA2019V1 Page 6 of 8

  An example demonstrating how OIF is calculated:
Card Type Transaction Exchange rate Amount in SAR OIF Amount due
amount
Classic USD 100 USD 1/3.75 375 2.75% * 375 = SAR SAR 385.31
10.31
Platinum USD 100 USD 1/3.75 375 2.50% * 375 =SAR SAR 384.37
9.37
5. Al Rajhi Mada Card for the current account may be used for cash withdrawals and purchases inside and outside KSA, thus in accordance with
the limits shown in the below table by the customer segment:
Signature Infinite Platinum Classic
Purchases SAR 200.000 SAR 200.000 SAR 100.000 SAR 50.000
Cash withdrawals Equivalent to SAR Equivalent to SAR 5.000 Equivalent to SAR 5.000 Equivalent to SAR 5.000
5.000
Al Rajhi Mada Card shall be issued with SAR 20.000 limit for online purchases or points of sale on a daily basis. The customer may change the
card purchases limit via ATMs or affiliate electronic services within alimit that doesn’t exceed the maximum purchases for segments contained in
the above table.
6. Atheer service enables Mada cardholders to use it for electronic payment transactions within the payment limit specified by ARB without using
password through near-field communication technology whereas the card is tapped over the device specified for such purpose. The customer
acknowledges that it is familiar with the risks of performing transactions by this service, and shall be fully responsible for the transactions performed
by such service. ARB may modify payment limit in compliance with the relevant laws and regulations without any need to obtain the customer's
approval.
7. Online purchases service shall be availed upon the customer's activation to Mada card with the limits specified in the above table. The customer
may deactivate online purchases by using Mada card through ATMs or electronic services of Al Rajhi Bank website. The customer acknowledge
that he/she is fully responsible for all transactions conducted online, and that he/she accepts all actions taken by ARB on its account to conduct
purchases online.
8. The customer shall be obliged to notify ARB immediately upon encountering any of the below cases:
1- Retaining of the card in an ATM whether or not belonging to ARB.
2-Non-collection of the cash amount withdrawn from the ATM.
3-Detection of fault in the registration of entries in the account as a result of using ATMs.
4-Card loss: In case of card retention, loss resulting from robbery or any other reason, the customer shall promptly notify ARB by calling ARB’s no.
8001244455 within KSA free of charge, No. 920003344 for all mobile customers within KSA, and No. 000966920003344 for all customers from
Certified By Shari'a Committee Under Ruling No 19037

abroad. The customer shall, in such case, remain liable for bearing any amounts or damages arising out of card loss, or usage by a third party, thus
from the time of loss until ARB suspends the card without delay by the competent officer, thus by not suspending the card or delay for the existence
of any disruption in the system, unless delay was attributed to the customer. The customer acknowledges that the card retention and loss shall not
result in the issuance of a replacement card unless requested in writing.
9. in case of divergence between the customer claim and ARB records concerning the amounts loaded on the card, bank records shall prevail and
be binding upon the customer.
10. The customer shall be obliged neither to disclose its usage of the card nor disclose its PIN to a third party, including ARB employees. The
customer shall be solely responsible for any damage or results arising out of its non-commitment while ARB bear no liability or damage borne by
the customer for that.
11. The card validation is determined from the date of issuance to the customer. The customer shall be permitted to renew the card through the
electronic channels 60 days prior to the expiry of the card.
12. The card shall remain ARB’s property, and the customer is committed to delivering it and assumes full responsibility for not returning the same.
13. The customer may not enable third parties to use Mada Card for current account or disclose its PIN, and acknowledges that Al Rajhi Bank is
not responsible for any loss or damage arising from non-compliance with this or other terms of service.
14. Upon receipt of renewed Mada Card for current account, the customer shall set the PIN code in a secure manner either through secure access
to the electronic channels (answer machine or Mubasher service for individuals), or through ATM using the OTP. The parties (ARB and the
customer) agreed that setting the Pin code shall be deemed a sufficient evidence for receiving and activating the renewed card by the account
holder.
15. ARB shall have the right to constantly upgrade the services it provides under this agreement, add security services, or any new service and
introduce any conditions that must be satisfied by the customer prior to making use of the upgrade of the added services.
16. ARB shall have the right, with no need to the customer consent or notification, to suspend the card or any of its services, whether for a definite
or indefinite period, if, according to ARB’s sole discretion, it deemed necessary to protect the rights of customers or ARB.
17. The customer acknowledges that the conditions of card usage, or approval service conditions, or other services or conditions issued from time
to time by ARB or Visa Company are deemed part and parcel of this agreement and shall be read and construed as if it’s some of its clauses
provided that the customer shall be promptly notified.
18. The customer shall have the custodian hand over any cash owned by ARB or its other customers that is deposited by fault or by any other
invalid way in its current account. ARB shall have the absolute right in reversing the balance entries in such cases, even if this caused the disclosure
of the account, all thus without prejudice to the statutory rights of ARB, in case the Customer violation such as withdrawal or disclaiming of any
funds not owned by it whether withdrawal was made through ATMs or any other way.
19.
1-An independent card may be issued for every partner in the mutual account, based on a written request submitted by all partners in the account,
they all shall be severally and collectively be held liable towards ARB against all financial liabilities that arise out of using any of these cards.
2-ATM card may be issued for the companies or institutions account, based on written request submitted from the authorized signatory/signatories.
The company/institution shall be held liable towards ARB against all financial liabilities that arise out of using the card on all accounts of the company
or the institution with ARB.
20. These conditions shall be governed by the bylaws and regulations issued by the competent bodies in KSA, in a way not contravening the
provisions of Islamic Sharia.
21. ARB shall have the right to cancel the card in case the customer breaches any of these conditions and terms, or in case of misuse, or for any
of the adequate reasons. The customer hence shall undertake to return the card to ARB, while such cancellation shall have no impact upon its
obligation to pay any amounts arise out of the card prior to cancellation.
22. The customer shall have the right to amend these terms and conditions in a way not contravening the provisions of Islamic Sharia, and without
prejudice to customer’s rights, the holder of card acquired from these terms and conditions throughout the validity of this card, subject to what is
provided for in the applicable regulations regarding notification and announcement of the conditions amendment.
23. The customer acknowledges that all personal information and data are complete and genuine, and that it will notify ARB in writing of any change
therein, while bearing any damages and consequences arising out of its negligence in doing so. The customer shall also acknowledges that it has
reviewed the terms and conditions of using this card, while its signature contained in the request/suspension form represent irrevocable outstanding
obligation under these terms and conditions.

24. Taxes:
1. The fees specified shall be free of applicable VAT and any other indirect payable tax. In case of application of tax law to any fees, commissions,
trade discounts, or supply of goods or services related to this Agreement or Product, the tax deduction, regardless of amount deducted, shall not
be applied to the amount specified in the above tables, but an addition paid by the obligor to the collection authority, and approved by the competent
authority of the State. The customer has agreed to this and authorized ARB to give irrevocable authorization to deduct the tax each time from his
account with ARB.

Reference No: CA2019V1 Page 7 of 8

 2. Indirect taxes shall be paid in accordance with the provisions of the VAT statute and other legislations that may be applicable from time to time,
and Al Rajhi Bank shall not be liable for any interest or penalties payable to the Supplier or the Customer for failing to pay a tax or reverse tax credit
for payments overdue by the schedule specified in the relevant VAT system.

Terms and Conditions for Opening Membership

1. The term "transfer" in this membership means: the transfer of amounts by remittance or cheque issued by Al Rajhi Bank to a beneficiary based
on an order issued by the holder of the membership.
2. ARB shall be responsible for opening a membership for the customer in accordance with the terms stipulated in this membership, where transfers
shall be made regardless of the type of such transfers.
3. The dealing in the mentioned membership shall be only by the customer him/her self or by his/her representative, and shall notify ARB in writing
4. All transfers shall be made in accordance with the controls and documents approved by ARB’s Sharia Board.
5. ARB shall not accept and the member may not use its membership to send remittances for any purpose that is prohibited under Shariah
provisions, such as sending them for adding them to interest (Riba) accounts, for those who promote or manage gambling games or for buying illicit
goods. Thus, ARB shall not bear any liability upon returning any remittances of such kind to the transferor.
6. ARB records, documentation and accounts regarding the customer relationship with ARB are considered valid and binding on the customer, and
the customer may not oppose them, except for any restrictions or transactions prove to be done in such account illegally and neither the customer
nor his/her authorized representative was involved in that directly or indirectly, and hereby undertakes to inform ARB immediately after proving
anything in this regard.
7. ARB may at any time change or modify the terms of the membership - after approval of the Sharia board on the required amendment - and such
change or amendment shall be effective, unless otherwise opposed by the customer within one week from the date of displaying a written summary
of such amendment in an apparent place in the transfer center where the subscription account is located, or from the date of availability of the
agreement copy containing the amendment in a soft or hard copy to the customer to be signed. If the customer objects in writing during the aforesaid
time-limit, it may request in writing to terminate this agreement and such termination shall not affect rights and obligations arising on or before the
date of its entry into force.

8. The customer agreed to provide ARB with specimens of his/her signature, a signature of his/her representative; such instructions issued to ARB,
which bear a signature conforming to these forms shall be considered legal and approved for all operations on the membership account.
9. ARB may take from the customer a determined fee as declared in bank branches and/or electronic channels against the available services.
10.
(10/A) The customer shall complete his / her data and beneficiary’s personal and banking data in this form and the transfer forms accurately, and
acknowledges that Al Rajhi Banking and Investment Corporation (Tahweel Al Rajhi) does not bear any consequential loss, damage or liability due
to the customer's breach of this clause.
(10/B) The customer understands that its modification of the data of any transfer previously ordered to be conducted, does not guarantee refund or
modification of the transfer amount. The customer acknowledges that Al Rajhi Banking and Investment Corporation (Tahweel Al Rajhi) shall not be
liable in such cases and shall not be liable for any loss, damage by act, omission of the correspondent bank, the beneficiary or any third party, due
to force majeure, weekly or official work holidays or difference in currency.

Customer Representations:
1. The customer acknowledges his/her responsibility for the deposited cash submitted by his/her or in his/her transactions with ARB before the
authorities and will report the same to the authorities on any questionable deposit or deposit not entitled to him/her, as soon as he/she knows about
Certified By Shari'a Committee Under Ruling No 19037

it, whether the deposited cash was by his/her knowledge or not and whether the customer disposed from it later personally or by another person or
not. In addition, the customer acknowledges and declares that the said cash is resulted from legitimate activities for legitimate purposes, and
recognizes its integrity of any counterfeiting, money laundering and terrorist financing, and acknowledges that he/she is not entitled to recover or
claim compensation for any amounts delivered to ARB and proved to be fraudulent or illegal due to its source, disbursement or for any other reason.
2. The customer shall update the membership data every three years at maximum or at ARB request. In addition, the customer shall inform ARB
in writing of any change to the address, or the last address shall be certified for correspondence. Moreover, the customer shall also renew its identity
and the representatives or authorized persons' identities (if any) and submit them to ARB before the expiry of any of them; the customer knew that
ARB will freeze his/her membership in case of failure thereof.
3. The customer undertakes and represents that he/she is not legally restricted from dealing by transfers membership, and that all of his/her
statements are correct and documented and he/she understood the provisions of opening membership its terms and conditions.
4. The Customer agrees to link his / her mobile phone number registered on top of the form with the one-time confidential notification service (OTP))
and all electronic channels of Al Rajhi Bank and approve the transactions and orders associated with the customer's number.
5. The customer shall be responsible for the time required for the delivery of SMS (mandatory - optional - automatic) or notification of the one-time
confidential numbers (OTP) as they are sent to networks operated by different service providers inside and outside the Kingdom.
6. The customer acknowledges that the mobile number at the top of this form is registered under the name of the customer, that it is in his
possession and used only by him, and that the bank will send SMS messages, one-time confidential numbers (OTP) and other financial notices to
the registered number whenever required. Customer acknowledges its full responsibility to maintain the registered number and to amend it by
ATM if it cannot be used, lost or changed for any reason.
7. Customer disclaims responsibility for any damage or loss arising from using the mobile number registered at the top of this form by someone
other than the Customer, or by using the number to access accounts other than Customer Accounts.
8. The customer agrees to provide ARB with any information or data it requires to establish, review and manage a membership at it, and authorizes
ARB to obtain necessary information about the customer or the mentioned membership or any other membership that the customer may have from
SIMAH. ARB shall disclose the information about the customer and its membership or any other membership that the customer may have to SIMAH
and any other entity approved by SAMA.
9. The customer declares that he/she aware that the regulations of Saudi Arabia prohibit the transfer of funds without the knowledge of the client
transferred to the beneficiary (transferred to it), or without a regular relationship with the beneficiary or without a legitimate purpose.
10. The customer declares and represents not to use personal membership for non-personal purposes and not to use commercial membership for
personal purposes of a non-commercial nature in the light of SAMA's instructions regarding cash transfer.
11. The customer has acknowledged that he reviewed the said provisions and complied therewith.

[ ]The customer acknowledges that he has read all the [8] pages of this agreement, and has reviewed, understood, and is able
to comply with, and agrees to be bound by, the terms and conditions indicated herein.

Name: Date: / /0000 Time: 00:00 AM/PM

National ID: Its Date: / /0000
Customer Signature

Reference No: CA2019V1 Page 8 of 8