Prices of Financing & Saving Products for MSME

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

Category  POS Cash Flow Finance  Dental Clinics Finance  ARAMCO Contractors & Suppliers 
Finance amount SAR 100 k to 18 m SAR 500 k to 2.5 m or Kafalah max SAR 300 k to 500 k or Kafalah max
Facility Type Short & medium Term Facility Short, medium & long term Short Term Facility
 Finance Pricing*  SIBOR + 3% to 7%  SIBOR + 4% to 6% SIBOR + 3% to 4% 
 MGT Fees Minimum 2%  Minimum 2%   Minimum 2%
Years in Operation 24 months Startup 24 months
Finance Tenor Max: 60 months Max 7 years with 1 year grace period Max 12 months
Finance Product Loans Loans / LGs & LCs Loans / LGs & LCs

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%)

Deposit Profit Rates

Tenor SAR USD GBP
1 W 0.12 0.06 0.30
2 W 0.15 0.13 0.31
3 W 0.20 0.19 0.32
1 M 0.21 0.06 0.34
2 M 0.56 0.39 0.53
3 M 1.02 0.49 0.62
6 M 1.19 0.75 0.87
9 M 1.21 0.75 0.89
12 M  1.32   0.89  0.99

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