Saudi Arabia Announces New Rules For Use Of Riyal Symbol

The Saudi Central Bank (SAMA) has unveiled eight new rules governing the use of the Saudi riyal (SAR) symbol, following official approval from the Custodian of the Two Holy Mosques King Salman bin Abdulaziz.

According to SAMA guidelines, the symbol must be positioned to the left of numerical values with a space between them.

The rules specify that the symbol must maintain proper proportions, align with the surrounding text direction, and contrast with background colours for visibility.

SAMA releases eight rules for new Saudi Riyal symbol use

The design incorporates elements of Arabic calligraphy, connecting to Saudi Arabia’s cultural heritage.

The term ‘Riyal’ traces back to 1346 AH during King Abdulaziz’s reign, marking the introduction of the Kingdom’s unified currency.

A royal committee comprising representatives from the Ministry of Culture, the Ministry of Media, and the Saudi Standards, Metrology, and Quality Organisation developed the symbol through multiple phases.

The process involved ensuring national identity representation and technical compatibility with modern financial systems.

The initiative forms part of Saudi Arabia’s Vision 2030 strategy to establish the Kingdom as a global economic leader.

Implementation of the symbol will begin immediately, with full integration across financial and commercial platforms occurring gradually.

The new symbol represents an effort to enhance the currency’s recognition while boosting confidence in the Saudi riyal domestically and internationally.

Follow us on

For all the latest business news from the UAE and Gulf countries, follow us on Twitter and LinkedIn, like us on Facebook and subscribe to our YouTube page, which is updated daily.
RECENT NEWS

Investcorp exits RESA Power In Sale To Kohlberg, Marking First Exit For North American PE Fund

Investcorp aims to replicate RESA’s success globally across its private equity business Read more

Gate Group Secures Dubai VARA License

Gate Group’s Dubai arm is accelerating the expansion of its local team as it prepares for its official launch Read more

UAE Announces New Tax Rule

The UAE has announced a new waiver for tax fines in the country Read more

First Abu Dhabi Bank Powers Ahead With Record Q1 Numbers

Total income up 11 per cent to $2.4bn as net profit rises 23% to $1.4bn and profit before tax reaches $1.67bn; Total as... Read more

UAE To Launch Dirham-backed Stablecoin

Dirham-backed stablecoin launched in the UAE will enable simple digital payments Read more