RIYADH — The Saudi Central Bank (SAMA) seeks feedback from the public on the draft general rules for savings products offered by banks, according to a press release.

SAMA has invited stakeholders and members of the general public to offer their suggestions and observations on the draft by visiting the public consultation platform “Istitlaa”.

The general rules seek to establish a framework for banks to offer innovative savings products to incentivize clients’ financial planning.

According to the SAMA release, suggestions and observations on the draft will be received during the next 15 days and their relevance will be assessed before finalizing the draft, which is available on the Public Consultation Platform of the National Competitiveness Center. — SPA