The rules for calculating the annual percentage rate issued by the Saudi Central Bank relate to standardizing the method of calculating this rate for financing products granted to individuals. They include basic definitions and clarify how to calculate the amount due for repayment. The rules apply to all financing entities and aim to increase transparency and enable consumers to make accurate comparisons. Financing entities are required to comply with the rules and use the annual percentage rate...
Rules Governing Calculation of Annual Percentage Rate (APR)