The Saudi Arabian Interbank Offered Rate (SAIBOR) is a daily reference rate, published by the Saudi Central Bank (SCB or SAMA), based on the averaged interest rates at which Saudi banks offer to lend unsecured funds to other banks in the Saudi Riyal wholesale money market (or interbank market).
On 20 November 2016 Thomson Reuters was approved as the SAIBOR administrator and calculation agent by SAMA.
[1] SAIBOR is the key interbank rate in Saudi Arabia, and the benchmark for commercial and consumer lending rates.
[2] It is also known as SIBOR, Saudi Interbank Offered Rate, but can be confused with SIBOR, Singapore Interbank Offered Rate.
Fixing is conducted each business day at 11 AM KSA time.