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.

Current SAIBOR rate for the month of NOVEMBER 2017 is 2.24%