Banking Control Law in Saudi Arabia, Lacks and development

1- An overview of the competition law in Saudi Arabia and the applicable effective for this type of laws. Moreover, indicate to the legal text which is related to this study.
2- To what extent this law will effective on the banking industry in Saudi Arabia if SAMA could adapt the legal text of that law. Then discuss the influences of this law to prevent the monopoly on the banking industry in Saudi Arabia as a lack of the banking control law 1966.
3- What’s the main factor should be on the banking control law 1966 to deal with the competition law?
4- The possibility to applicable the competition law on banks in Saudi Arabia to prevent the monopolies, and what the best steps for SAMA to active this Law.

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