Your browser is out of date

The browser you are using is outdated and may not display all the features of this website correctly. For the best online experience on sabb.com and improved safety features, we recommend that you update to the latest version of the browser.

Update your browser Skip and continue

Cash Backed Guarantee

Cash Backed Guarantee

Cash Backed Guarantee is a written undertaking issued by the bank against 100% cash margin or collateral amount deposited by clients and as in the case of all guarantees, it is payable at the first call or demand received from the beneficiary during the guarantee validity period. Cash Backed Guarantee is offered to SMEs with a maximum turnaround time of 2 hours for issuance of the Guarantee from receipt of the guarantee application & without visiting the branch.

Benefits

  • Guarantee amount up to SAR 1 M* in 2 hours-time.
  • Guarantee from SAR 1M to SAR 15 M* are processed at the branch.
  • Guarantee can be issued in SAR and foreign currencies*.
  • Guarantees can be issued on behalf of third parties*

*Terms & Conditions apply

 

General Conditions:

  • Applicant must be a SAB client. If not, click here open your new account online
  • Third party should be a SAB client.
  • Additional 10% will be added to the cash margin for guarantees issued in foreign currencies.
  • Limited tenor for each type of guarantee.

Apply Now