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2. Definition of SAIBOR/SAIBID

No: 430418800000 Date(g): 13/12/2021 | Date(h): 9/5/1443 Status: In-Force

SAIBOR - The Saudi Arabian Interbank Offered Rate ("SAIBOR") benchmark is an indicative offer rate at which contributor panel banks would be able to borrow unsecured interbank funds in Saudi Riyals, anchored in transactions where possible together with a historical spread adjustment. A waterfall methodology is applied to enable a rate to be published in a wide range of market circumstances.

SAIBID - SAIBID is a benchmark representing the realized cost of contributor panel banks' wholesale unsecured funding in Saudi Riyals, anchored in transactions where possible. A waterfall methodology is applied to enable a rate to be published in a wide range of market circumstances.