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Interbank rates in the kingdom of Saudi Arabia

Saudi Arabian Interbank Offered Rate (SAIBOR)

We are the official administrator and calculator of SAIBOR – the benchmark rate for interbank lending in the Kingdom of Saudi Arabia and a reference for a range of financial transactions.

Why choose SAIBOR?

SAIBOR is the rate at which contributing banks would be able to borrow unsecured interbank funds in Saudi Riyals, were they to accept offers in reasonable market size from other banks in the SAIBOR panel at 11:00 am Riyadh time.

You can access the SAIBOR rates via Eikon, our data feeds, or from other information vendors.

SAIBOR is administered by RBSL.

Features & benefits

What you get with SAIBOR

Transparent rates

We ensure all financial benchmark methodologies are transparent and adhere to the IOSCO principles for financial benchmarks.

Multiple sources

The benchmark relies on data from a number of submitters to ensure accuracy.

SAIBOR on Eikon

The rate is on page <SUAA>. Additional information: <SAIBOR01>. Individual bank submissions: <SAIBOR02> to <SAIBOR07>.

How it works

SAIBOR in detail

Administered

Administered and calculated in alignment with the IOSCO Principles for Financial Benchmarks, SAIBOR comprises 6 maturities – overnight, 1-week, 1-month, 3-month, 6-month, and 1-year.

Methodology

The benchmark is calculated as the arithmetic average of submissions after the 2 highest and lowest rates have been discarded, and is published to 5 decimal places.

Published

It is published from Sunday to Thursday at 11:00 Saudi Arabia Time, subject to local market holidays, as advised by the Saudi Arabian Monetary Authority (“SAMA”).