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SAR – Saudi Arabian Riyal

Overview

The payment processing of this currency is considered to be relatively standardised.

Note for all domestic SAR payments and international payments (in foreign currency) issued from Saudi Arabia, the purpose of payment code (see Appendix XII) is mandatory and has to be added to the reason of payment. The purpose of payment code consists of a 4 character code that must be specified in Field 70.

Currency Guidelines

A clear reason / purpose of payment is recommended and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.

Example: Payment of travel expenses – invoice n° 123456789

Payments in SAR toward Saudi Arabia

Besides the standard information, the IBAN format is mandatory (see Appendix VI).

Payments in SAR outside Saudi Arabia

Standard information
The IBAN format is mandatory (see Appendix VI).

Instructions, technical guidelines & more

To consult the Technical Guidelines of this currency, click here

TECHNICAL GUIDELINES

To consult the Appendix(es) click here

Appendix VI: IBAN Application Rules
Appendix XII: Purpose of Payment Codes (SAR)
Additional information

• Available charge options: OUR/SHA/BEN

• Central bank of Saudi Arabia: http://www.sama.gov.sa/sites/samaen/Pages/Home.aspx