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SABB offers a full range of Import services to meet and support all your business requirements.
For each Import service, SABB offers Islamic alternative for its esteemed Islamic customers.
A Documentary Credit is an undertaking by a bank to pay a supplier for goods or services within a prescribed time as long as the clearly defined terms and conditions have been met
Import Documentary Credits issued by SABB are a payment method that reduces risk and strengthens your negotiating position. Protects both the buyer and supplier Interest.
Import Collections are a simpler alternative to Import Documentary Credits in that they give you access to goods without delay. It is cost effective and secure way for International and local trading.
There are two payment types under documentary credit
Bill Avalisation is the bank’s undertaking on behalf of an import customer to guarantee payment to the supplier.. This is a convenient way to trade between buyers and sellers avoiding the need to have complicated Letters of Credit and can be applicable to both domestic and international trade.
GTRF offers this product as part of a facility based offering to its corporate clients.
SABB offers a comprehensive range of trade solutions to facilitate the needs of businesses in the Kingdom of Saudi Arabia. Choosing SABB Trade Solutions means that customers can be certain that their trade facilities are structured in accordance with their business requirements including import financing
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