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Be careful! Violation of trade law will result in a fine of 100,000 riyals

TLDR: The Saudi Minister of Commerce has approved a fine of one riyal for violating business law and sealing the mall for repeating the violation.

News Desk by News Desk
11 months ago
in World
Be careful! Violation of trade law will result in a fine of 100,000 riyals
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According to Arab media, the Saudi Ministry of Commerce had submitted a chart of fines to the Minister of Commerce to prevent violations of trade law, which has been approved.

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After the approval, a separate penalty has been fixed for each violation of the law, and the maximum fine is 1 lakh riyals. If the offense is repeated, the fine will be doubled, while the business center can also be sealed.

The Saudi Ministry of Commerce has also issued a list of violations and fines, and if a person is fined, they will have the right to appeal to the Ministry of Commerce within 60 days.

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Violations include non-pricing of goods, refusal to sell goods or bills, non-provision of bread by the bakery, non-payment of online payment, reduction of more than 5% weight of flour or bread crumbs. This includes storing and selling goods obtained from unknown sources, using flour for any purpose other than repacking or assigning flour, and misleading information affixed to the goods trade.

Violations will be fined from 1,000 riyals to 5,000 riyals. If the offense is committed more than once, the fine will be doubled.

Tags: Ministry of Commerce
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