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Article 2: Scope of Implementation

Effective from Jan 31 2025 - Jan 30 2025
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1.These Rules shall be applicable on all finance providers engaging in retail lending
2.The Rules shall be read in conjunction with the related Laws and Regulations, including but not limited to the following:
 -Finance Companies Control Law and its Implementing Regulation.
 -Rules Regulating Consumer Microfinance Companies.
 -The Rules on Disclosure of Interest Rates on Financing and Saving Products.
 -The Regulations for Consumer Financing.
 -SAMA's Circular No. 381000095091 issued on 10/9/1438H to clarify Article (10) and Article (21) and the APR Calculation Mechanism in the Regulation for Consumer Financing.