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No Sale On Installments In Saudi Arabia

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The decision of the Council of Ministers to cancel the system of sale by installments comes into force after the publication of the Official Gazette on Friday for details and the exception.

The decision of the Council of Ministers provided for the cancellation of the system of sale by installments, issued by Royal Decree No. (M / 13) dated 4-3-1426. The decision excluded the provisions applicable before the cancellation of the system for companies and institutions licensed to sell by installments, Licenses.

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