Minimum Prices of Financing & Saving Products for MSME

Micro, Small and Medium Enterprises (MSME) Financing Programs:

Category  POS Cash Flow Finance  Payroll   Working Capital   Capex   NTDP  Dental Clinics Finance  ARAMCO Contractors & Suppliers  Working Capital with SIDF Guarantee
Finance amount

SAR 100k to 18.75 m

SAR 100k to SAR 6 m 

SAR 100k to SAR 6 m 

 SAR 100k to SAR 6 m

 SAR 100 k to SAR 15 m 

SAR 500 k to 2.5 m or Kafalah max SAR 300 k to 500 k or Kafalah max SAR 18.75 m to SAR 187.5 m with up to 80% SIDF guarantee
Facility Type Short & medium term   Short term Short term   Med term Short & medium term  Short, medium & long term Short term Short term
 Finance Pricing*  Minimum SIBOR + 6%    Minimum SIBOR+ 6% Minimum SIBOR+ 6% Minimum SIBOR + 5%   Minimum SIBOR + 3% Minimum SIBOR + 4% Minimum SIBOR + 3%  Maximum SIBOR + 4%
 MGT Fees Minimum 3%   Minimum 3%   Minimum 3%   Minimum 3%   Minimum 2%  Minimum 2%   Minimum 2% Maximum 2%
Years in Operation 24 months 24 months 24 months 24 months  Startup Startup 24 months 24 months
Finance Tenor Min 12 months, Max 60 months with 6 months grace period Max 6 months  Max 6 months   Min 24 months
Max 60 months with 6 months grace period
 Min 1 year
Max 5 years
Max 7 years with 1 year grace period Max 12 months 6 months
Finance Product Loans Loans  Loans   Loans Loans   Loans / LGs & LCs Loans / LGs & LCs Loans

*All prices & fees exclude VAT

 

Technology Sector Financing Program:

Category Tech Sector Financing
Minimum Finance SAR 100k
Maximum Finance
  • SAR 500K in case of startup business less than one year
  • SAR 2.5M for companies falling in Micro Sector.
  • SAR 5M for companies falling in Small Sector.
  • SAR 15M for companies falling in Medium Sector.
Finance Tenor 1 year to 5 years (in line with final Kafalah program offering)
Cash Margin Nil
Pricing / Profit Markup SIBOR + 3% to 6%
MGT Fees Minimum 1%
Collateral Kafalah coverage (up to 90%)

*All prices & fees exclude VAT

 

Deposit Profit Rates

Tenor SAR USD GBP
1 W 5.00 4.82 4.54
2 W 5.03 4.83 4.55
3 W 5.05 4.83 4.56
1 M 5.13 4.84 4.64
2 M 5.41 4.84 4.72
3 M 5.53 4.83 4.67
6 M 5.54 4.82 4.52
9 M 5.57 4.87 4.52
12 M  5.59 4.80 4.38

Rates are indicative. Please contact the Bank for the rate of the day


Examples for calculating the pricing of Time Deposits

Time Deposit Calculation
Tenor One week
Amount (SAR) 1,000,000
Profit Rate to Customer 0.37%
Calculation 7/360 * 0.37 * 1,000,000
TOTAL PROFIT (SAR) 71.95

Time Deposit Calculation
Tenor One Month
Amount (SAR) 1,000,000
Profit Rate to Customer 0.98%
Calculation 30/360 * 0.98 * 1,000,000
TOTAL PROFIT (SAR) 816.67

Time Deposit Calculation
Tenor One Year
Amount (SAR) 1,000,000
Profit Rate to Customer 2.17%
Calculation 360/360 * 2.17 * 1,000,000
TOTAL PROFIT (SAR) 21,700.00

Examples for calculating the pricing of Loans

Loans Calculation
Tenor 1 Month
Amount (SAR) 1,000,000
Sibor Rate
1.572430%
Spread Rate 5.000000%
Rate to Customer 6.572430%
Total Profit (SAR) 5,477.025
Total Payoff (SAR) 1,005,477.30

Loans Calculation
Tenor 3 Months
Amount (SAR) 1,000,000
Sibor Rate
1.572430%
Spread Rate 5.000000%
Rate to Customer 6.572430%
Total Profit (SAR) 16,431.075
Total Payoff (SAR)
1,016,431.08

Loans Calculation
Tenor 6 Months
Amount (SAR) 1,000,000
Sibor Rate
2.572430%
Spread Rate 5.000000%
Rate to Customer 7.572430%
Total Profit (SAR) 37,862.150
Total Payoff (SAR) 1,037,862.15