Politics · Saudi Arabia · 5 hrs ago

Saudi Arabia approves unified consumer protection law

Saudi Arabia approves unified consumer protection law

Saudi Arabia’s Cabinet approved a unified consumer protection law on Tuesday.

It brings rules for goods and services together, replacing protections spread across different laws and regulations.

The law covers more than 20 government bodies and addresses product safety, contracts, warranties, repairs and misleading business practices.

It allows fines of up to 8 million riyals, or about $2.1 million, and prison terms of up to two years for violations.

Consumers who make certain contracts outside a business’s premises can cancel them without giving a reason within seven days, subject to rules.

During crises or other unusual conditions, the government can approve temporary price controls or limits on profit margins.

The law is intended to make markets fairer and strengthen consumer confidence, though the source gives no date for when it will take effect.

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