SAB (loans): verified facts and rating
Licensed since: 1978 Checked 2026-10-31
Score breakdown
80% backed by facts · How we rank
SAB (loans) against the market
The dot is the company, the line is the median of all companies in this ranking.
Published rate, % of country reference83%141%83% · median 100%
SAB (loans) strengths and weaknesses
Pros
- Long licence history
- Licence confirmed by the official list or a stated licence number
- Publishes how to complain
- Long support hours
Cons
- An arrangement fee can apply
- A charge can apply to early repayment
All facts
| Fact | Value | Source | Checked |
|---|---|---|---|
| Licensed since | 1978 licensed pursuant to the Council of Ministers Resolution No. 198 dated 06/02/1398H and Royal Decree No. M/4 dated 12/08/1398H (12/08/1398H = 1978) | sab.com | 2026-10-31 |
| Licensed by the regulator | Yes Saudi Awwal Bank, a listed joint stock company ... commercial registration certificate 1010025779 ... licensed pursuant to the Council of Ministers Resolution No. 198 dated 06/02/1398H and Royal Decree No. M/4 dated 12/08/1398H, and regulated and supervised by the Saudi Central Bank. | sab.com | 2026-10-31 |
| Published rate, % of country reference | 83% Personal finance Example 1: Drawdown amount 100K, APR %3.21, Maturity 60M, Monthly Installment 1,782.55, Early Payment Charges: Profit of future 3 installments · APR 3.21% (lowest published example) · index 100 = 3.87% (median at launch) | sab.com | 2026-10-31 |
| Free early repayment | No Can I settle my Finance obligations early? Yes, SAB allows customers to settle their finance before the maturity date. Upon the regulations the customer needs to pay the next three months profit as agreed earlier. | sab.com | 2026-10-31 |
| No arrangement fee | No Personal Finance Calculator ... Net Finance Amount ... Revised Profit ... Management Fee + VAT | sab.com | 2026-10-31 |
| Fees or terms published | Not verified | — | |
| Complaints procedure | Yes Complaints & Feedback - Customer Care Unit: The Customer Care Unit is a specialized department dedicated to handling your suggestions, complaints and views efficiently | sab.com | 2026-10-31 |
| Online application for new customers | Not verified | — | |
| Support hours a week | 168 h Have a Question? Phone Number ... We’re here 24 hours daily | sab.com | 2026-10-31 |
| Maximum amount, % of country reference | Not verified | — | |
| Longest term | Not verified | — |
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