The Saudi Arabian Interbank Offered Rate (SAIBOR) is a daily reference rate, published by the Saudi Central Bank (SCB or SAMA), based on the averaged interest rates at which Saudi banks offer to lend unsecured funds to other banks in the
Saudi Riyal
The Saudi riyal ( ar, ريال سعودي ') is the currency of Saudi Arabia. It is abbreviated as
or SAR ''(Saudi Arabian Riyal)''. It is subdivided into 100 halalas ( ar, هللة '). The currency is pegged to the US dollar at a constant rate ...
wholesale money market (or interbank market).
On 20 November 2016 Thomson Reuters was approved as the SAIBOR administrator and calculation agent by SAMA.
Scope
SAIBOR is the key interbank rate in Saudi Arabia, and the benchmark for commercial and consumer lending rates.
It is also known as SIBOR, Saudi Interbank Offered Rate, but can be confused with
SIBOR
SIBOR stands for Singapore Interbank Offered Rate ''