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الوطن
Crisis price hikes curbed
The Ministry of Commerce announced the issuance of the Kingdom’s first comprehensive consumer protection law. The law regulates consumer rights in relation to goods and services and strengthens oversight in cooperation with 20 government entities. During crises, it allows exceptional measures to curb unjustified price increases, including setting prices, capping profit margins, and requiring prior approval before prices can be raised. Violators face penalties of up to SAR 8 million and two years in prison. The law will take effect 180 days after its publication in the Official Gazette.
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