7 Hrs
Source:
الوئام
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Source: الوئام
7 Hrsالوئام
Source: الوئام
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The Ministry of Commerce announced the issuance of the Consumer Protection Regulation following its approval by the Cabinet. Twenty government entities will participate in its implementation. The regulation bans adulterated goods and defective services and guarantees compensation for those harmed. It allows authorities to intervene temporarily to set prices and cap profit margins during crises. Raising the prices of goods requires prior official approval, and misleading practices and surcharges tied to the method of payment are prohibited. Penalties include fines of up to 8 million riyals, imprisonment for up to two years, suspension of business activity, and confiscation of products. The regulation will take effect 180 days after its publication, replacing three existing regulations.
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