Delay in increasing the partial guarantee value within the specified periods in the Executive Regulations
Violation description
Delay in increasing the partial guarantee value within the specified periods in the Executive Regulations
Penalty stages
First time
Warning
30 days
Second time
Notice
Failure to correct the violation within the notice period results in a penalty of 2,500 SAR
Third time
Penalty
2,500 SAR for every 30 days of delay from the date of the penalty notice
After 180 days from the due date, it is referred to the Violations Committee to determine penalties.