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Effective from 2019-12-10 - Dec 09 2019 To view other versions open the versions tab on the right
1.
The Consumer Microfinance Company shall indicate in all product advertisements: its name, logo, any identifying representation and contact details.
2.
The advertisement shall disclose, in a manner that is clear to the consumer, the name and Annual Percentage Rate of the advertised product and shall not include other rates of the term cost.
3.
A Consumer Microfinance Company is not allowed to publish an advertisement that includes a false offer, statement, or a claim expressed in terms that would directly or indirectly deceive or mislead a consumer.
4.
SAMA may require any Consumer Microfinance Company that does not comply with the conditions of this Article to withdraw the advertisement within one business day of SAMA’s notice.
