RIYADH: Saudi Arabia’s Ministry of Commerce has approved a new schedule of penalties for commercial violations, with fines of up to SAR 100,000 for certain offences.
According to the Saudi Press Agency (SPA), Minister of Commerce Majid Al-Qasabi approved the regulations governing penalties for commercial violations. The measures aim to ensure compliance with commercial laws and strengthen consumer protection.
Under the approved rules, violations of officially set prices for essential goods may result in fines of up to SAR 100,000. Shops and commercial establishments displaying notices stating that sold goods cannot be returned or exchanged may face fines of up to SAR 1,000.
Violations involving electronic payments carry fines ranging from SAR 200 to SAR 1,000. Businesses that refuse to accept available payment methods despite having the necessary facilities may face fines ranging from SAR 400 to SAR 2,000.
The penalties will double if the same violation is repeated.
Other offences include failing to issue receipts to customers and failing to display prices on goods offered for sale.
The regulations also cover violations of rules governing discount sales, promotional campaigns and commercial competitions. Providing misleading or inaccurate information about products may also result in penalties ranging from SAR 200 to SAR 1,000.
The Ministry of Commerce’s approved schedule covers a range of commercial violations, with penalties to be imposed in accordance with the applicable regulations.
