Disclosure of Interest Rates on Financing and Savings Products

Release Date:	1441-12-02
Release Tool:	Councils and commissions decisions
Issuance Instrument Number:	41068291
Validity:	Valid
Date of last amendment:	1442-04-11
Summary:	By AI The rules for declaring the prices of financing products issued by the institution in July aim to enhance transparency in the financial market by clarifying the annual percentage rate for products offered by banks and financing companies. The rules include disclosure requirements, disclosure table templates, and details on the effective date, and they revoke previous circulars. The rules require institutions to disclose clear information about products on their websites and to develop calculator...

Release Date:

1441-12-02

Release Tool:

Councils and commissions decisions

Issuance Instrument Number:

41068291

Validity:

Valid

Date of last amendment:

1442-04-11

Summary:

By AI

The rules for declaring the prices of financing products issued by the institution in July aim to enhance transparency in the financial market by clarifying the annual percentage rate for products offered by banks and financing companies. The rules include disclosure requirements, disclosure table templates, and details on the effective date, and they revoke previous circulars. The rules require institutions to disclose clear information about products on their websites and to develop calculator...