The reference price of the interbank lending cost in Saudi Riyals (SAIBOR)
Is the interbank lending rate denominated in Saudi Riyals and is determined on a daily basis based on market factors according to a specific and interbank approved mechanism. It is used as a primary reference to measure the cost of lending and pricing of loans to customers in Saudi Riyals.
Current SAIBOR rate for the month of Aug 2018 is 3,01%
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