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Working Capital Financing with SIDF Guarantee

 

Product Description:

Our Working Capital provides short-term financing options that are guaranteed by the Saudi Industrial Development Fund (SIDF) and supports businesses in obtaining additional funds to help cover everyday costs and business requirements. The product is for Saudi small and medium businesses, together with foreign investment facilities operating in Saudi and approved by the Ministry of Investment. The eligible sectors selected by SIDF are industry, mining, energy, industrial services, support and logistical services, and technology and infrastructure development

Benefits:

  • Financing starting from 18.75 Saudi Million Riyals up to 187.5 Saudi Million Riyals.
  • Up to 80% Guarantee from SIDF (50% as a minimum).
  • Revolving credit limits throughout the period of the facility.
  • Repayment per utilization on monthly, quarterly and semiannual basis.
  • The ability to pay in monthly or quarterly installments.

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