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Saudi Central Bank updates fee rules and regulations to lower costs, boost transparency, and enhance financial services.
The Saudi Central Bank (SAMA) has launched a new Fees Guide, replacing the old Banking Tariff, to improve transparency, lower fees on key services like financing charges, card reissuance, and international transfers, and boost consumer protection.
The guide applies to all SAMA-supervised institutions, promotes digital services, and enhances pricing disclosure.
SAMA also updated its Finance Companies Control Law regulations, modernizing licensing, financing limits, bank guarantees, and renewal procedures, while repealing outdated microfinance rules.
Both updates, informed by public feedback, are now available on SAMA’s website and aim to strengthen financial stability, inclusion, and market efficiency.
El Banco Central Saudí actualiza las reglas y regulaciones de tarifas para reducir costos, aumentar la transparencia y mejorar los servicios financieros.