Saibor Rate

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.

1 year SAIBOR rate at the beginning of January 2019 is 3.34125%