SAMA: Public Consultation on Draft Rules Governing Calculation of Annual Percentage Rate (APR)
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The Saudi Central Bank (SAMA) seeks public consultation on the draft Rules Governing the Calculation of the Annual Percentage Rate (APR). In this context, SAMA invites stakeholders and public for their suggestions and observations on the draft by visiting the Public Consultation Platform at the National Competitiveness Center.
The rules aim to improve the disclosure practices for consumers and standardize the mechanism for calculating the Annual Percentage Rate (APR) for financing products.
Suggestions and observations on the subject will be received within (15) days from this announcement for assessing their relevance in finalizing the ruling. The draft is available on the Public Consultation Platform with the National Competitiveness Center (link).
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