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SME Financing Solutions

SME Financing Solutions
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SME Financing Solutions
Bank Albilad offers a financing program for micro, small and medium enterprises, which is distinguished to meet the different financing needs of customers for a period of up to 36 months.

Amount up to 15,750,000 Saudi Riyals 6-month grace period
Period up to 3 years
No administrative fees
Terms and conditions apply
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​​Wide range of financing solutions that cater to all types of businesses​ !

​Bank Albilad offers a wide range of financing solutions that cater to all types of businesses and can be tailored fit depending on their respective financing requirements.  Our products and services are available primarily for the following purposes:

  • ​Working Capital Financing  
  • Asset Financing 
  • Contract Financing 

Bai Alaje​l  Financing

Bai Alajel Financing is a financing product that provides for your business’ short to long-term financing requirements.  This financing structure is based on Murabaha whereby the Bank sells to customers a commodity or an asset which the Bank has purchased and acquired based on a promise received from the customer to buy in one stroke or installment. The selling price comprises the cost plus an agreed profit margin. 

Musharakah Fina​​ncing 

Musharakah is an agreement between the Bank and a customer to contribute to a certain investment enterprise or the ownership of a certain property ending up with the acquisition by the customer of the full ownership. The profit or loss is shared as per the terms of the agreement.​

​Financing ​Features

 
  • ​Shariah Compliant
  • Competitive rates and pricing conditions
  • Available at short-term to medium term financing tenors
  • Simplified documentation and credit process 
  • Accessible through our regional offices strategically located at Riyadh, Jeddah and Dammam​

Documentation Requiremen​​​​​ts at Initial Application

  • Copy of ID/Iqama.​
  • Copy of Commercial Registration
  • Copy of the enterprise’s foundation contract (if the enterprise is a company).
  • Feasibility study (for new projects)
  • Copy of audited financial statements (or In-house FS) for three years (for existing projects).
  • Other documents that the Bank may require 
 

How the financing profit margin is calculated ?

​Issuance fees SAR 450
Annual fee SAR 450
Supplementary card fee​ SAR 100
Lost card delivery fee (local) SAR 69
Lost card delivery fee (international)SAR 50-148
Cash withdrawal ON-US SAR 20+OIF+15% on the OIF
Cash withdrawal SAR 20
Card statement  SAR 20​
​Claim objection SAR 50
OIF 1.15%