{"id":2877,"date":"2019-05-23T12:26:29","date_gmt":"2019-05-23T12:26:29","guid":{"rendered":"https:\/\/saudiexpatriate.com\/?p=2877"},"modified":"2019-05-18T21:36:18","modified_gmt":"2019-05-18T21:36:18","slug":"no-installment-sale-saudi-sr-3-million-fine","status":"publish","type":"post","link":"https:\/\/saudiexpatriate.com\/no-installment-sale-saudi-sr-3-million-fine\/","title":{"rendered":"No to Installment Sale in Saudi, SR 3 Million Fine"},"content":{"rendered":"<p>The Ministry of Commerce and Investment Saudi Arabia responsible for both commerce and investment sectors has stopped issuing permits to companies issuing installment sale in the kingdom of Saudi Arabia.<\/p>\n<p>So, now any new company cannot Sell products &amp; services on installments in Saudi unless its approve by the Ministry of Commerce and Investment.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" data-expand=\"600\" class=\"lazyload alignnone  wp-image-2879 aligncenter\" src=\"data:image\/svg+xml;charset=utf-8,%3Csvg xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg' viewBox%3D'0 0 739 414'%2F%3E\" data-src=\"https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2019\/05\/No-to-Installment-Sale-in-Saudi-SR-3-Million-Fine-SaudiExpatriate.com_.jpg\" alt=\"No to Installment Sale in Saudi, SR 3 Million Fine-SaudiExpatriate.com\" width=\"739\" height=\"414\" \/><\/p>\n<p>Ministry has asked SAMA (Saudi Arabian Monetary Authority) to closely monitor transactions for any violations for a period of 3 months.<\/p>\n<p>Ministry has also said that those who already have valid licenses for installment sale can continue to sell th\u200f products and services till the expiration of their permits.<\/p>\n<p>Nny businessman or company who continues to carry out installment deals without a valid permit would face a two-year prison sentence and a fine of SR3 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ministry of Commerce and Investment Saudi Arabia responsible for both commerce and investment sectors has stopped issuing permits to companies issuing installment sale in the kingdom of Saudi Arabia. [&hellip;] <a class=\"g1-link g1-link-more\" href=\"https:\/\/saudiexpatriate.com\/no-installment-sale-saudi-sr-3-million-fine\/\">More<\/a><\/p>\n","protected":false},"author":1,"featured_media":2879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[2],"tags":[777],"adace-sponsor":[],"class_list":{"0":"post-2877","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-saudi-arabia-news","8":"tag-installment-sale-in-saudi"},"uagb_featured_image_src":{"full":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2019\/05\/No-to-Installment-Sale-in-Saudi-SR-3-Million-Fine-SaudiExpatriate.com_.jpg",908,509,false],"thumbnail":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2019\/05\/No-to-Installment-Sale-in-Saudi-SR-3-Million-Fine-SaudiExpatriate.com_-150x150.jpg",150,150,true],"medium":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2019\/05\/No-to-Installment-Sale-in-Saudi-SR-3-Million-Fine-SaudiExpatriate.com_-300x168.jpg",300,168,true],"medium_large":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2019\/05\/No-to-Installment-Sale-in-Saudi-SR-3-Million-Fine-SaudiExpatriate.com_-768x431.jpg",662,372,true],"large":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2019\/05\/No-to-Installment-Sale-in-Saudi-SR-3-Million-Fine-SaudiExpatriate.com_.jpg",662,371,false],"bimber-grid-xs":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2019\/05\/No-to-Installment-Sale-in-Saudi-SR-3-Million-Fine-SaudiExpatriate.com_.jpg",171,96,false],"bimber-grid-xs-2x":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2019\/05\/No-to-Installment-Sale-in-Saudi-SR-3-Million-Fine-SaudiExpatriate.com_.jpg",343,192,false],"bimber-grid-standard-2x":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2019\/05\/No-to-Installment-Sale-in-Saudi-SR-3-Million-Fine-SaudiExpatriate.com_.jpg",728,409,false],"bimber-list-s":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2019\/05\/No-to-Installment-Sale-in-Saudi-SR-3-Million-Fine-SaudiExpatriate.com_.jpg",265,149,false],"bimber-list-s-2x":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2019\/05\/No-to-Installment-Sale-in-Saudi-SR-3-Million-Fine-SaudiExpatriate.com_.jpg",531,298,false],"bimber-grid-2of3":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2019\/05\/No-to-Installment-Sale-in-Saudi-SR-3-Million-Fine-SaudiExpatriate.com_.jpg",758,425,false],"menu-24x24":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2019\/05\/No-to-Installment-Sale-in-Saudi-SR-3-Million-Fine-SaudiExpatriate.com_.jpg",24,13,false],"menu-36x36":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2019\/05\/No-to-Installment-Sale-in-Saudi-SR-3-Million-Fine-SaudiExpatriate.com_.jpg",36,20,false],"menu-48x48":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2019\/05\/No-to-Installment-Sale-in-Saudi-SR-3-Million-Fine-SaudiExpatriate.com_.jpg",48,27,false],"web-stories-poster-portrait":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2019\/05\/No-to-Installment-Sale-in-Saudi-SR-3-Million-Fine-SaudiExpatriate.com_.jpg",640,359,false],"web-stories-publisher-logo":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2019\/05\/No-to-Installment-Sale-in-Saudi-SR-3-Million-Fine-SaudiExpatriate.com_.jpg",96,54,false],"web-stories-thumbnail":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2019\/05\/No-to-Installment-Sale-in-Saudi-SR-3-Million-Fine-SaudiExpatriate.com_.jpg",150,84,false],"bimber-grid-standard":["https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2019\/05\/No-to-Installment-Sale-in-Saudi-SR-3-Million-Fine-SaudiExpatriate.com_.jpg",364,205,false]},"uagb_author_info":{"display_name":"shafprince","author_link":"https:\/\/saudiexpatriate.com\/author\/shafprince\/"},"uagb_comment_info":0,"uagb_excerpt":"The Ministry of Commerce and Investment Saudi Arabia responsible for both commerce and investment sectors has stopped issuing permits to companies issuing installment sale in the kingdom of Saudi Arabia. [&hellip;] More","wps_subtitle":"","_links":{"self":[{"href":"https:\/\/saudiexpatriate.com\/wp-json\/wp\/v2\/posts\/2877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/saudiexpatriate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/saudiexpatriate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/saudiexpatriate.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/saudiexpatriate.com\/wp-json\/wp\/v2\/comments?post=2877"}],"version-history":[{"count":0,"href":"https:\/\/saudiexpatriate.com\/wp-json\/wp\/v2\/posts\/2877\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/saudiexpatriate.com\/wp-json\/wp\/v2\/media\/2879"}],"wp:attachment":[{"href":"https:\/\/saudiexpatriate.com\/wp-json\/wp\/v2\/media?parent=2877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/saudiexpatriate.com\/wp-json\/wp\/v2\/categories?post=2877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/saudiexpatriate.com\/wp-json\/wp\/v2\/tags?post=2877"},{"taxonomy":"adace-sponsor","embeddable":true,"href":"https:\/\/saudiexpatriate.com\/wp-json\/wp\/v2\/adace-sponsor?post=2877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}