Saudi marketUpdated Yesterday

Consumer system provides crisis price measures and penalties

The Saudi Press Agency details provisions that prohibit specified misleading practices and coercive conduct. During crises and exceptional circumstances, the Consumer Protection System allows exceptional measures to address unusual price increases, including setting prices, capping profit margins and requiring prior approval before a price increase. It also provides protections for more vulnerable groups and simplified procedures for minor disputes. Penalties for violations can reach SAR 8 million and imprisonment of up to two years.

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Coverage started Yesterday