SAMA definition
Examples of SAMA in a sentence
The Merchant shall pay the applicable MADA-POS service fees in accordance with the MSC defined by The Acquiring Bank, regulated by SAMA.
The Acquiring Bank hereby grants to The Merchant a non- assignable exclusive license (with no right to sub-license) to use the MADA Mark, or any other brand or mark that SAMA may elect to use, from time to time, in connection with such aspects of the MADA-POS transactions as are, or may be performed or conducted by The Merchant, in conformity with the requirements of The Acquiring Bank from time to time.
No reference should be made to SAMA, the Acquiring Banker and the telecoms provider.
It is hereby agreed that the MADA Mark, and any other brand or mark that SAMA may elect to use, from time to time, is the exclusive property of SAMA and The Merchant shall not make any unauthorised use of the same.
This Agreement and the underlying instruments have not been approved, registered or licensed by SAMA, CMA or any other relevant licensing authorities or governmental agencies in the Kingdom of Saudi Arabia.