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Cultural Road Program
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Initiative Objectives
Initiative Objectives
Riyad Bank offers A financing program supported by the Cultural Fund for private sector organizations that implement projects for the Ministry and its commissions or Which has special projects for cultural activities. Credit facilities are granted from Riyad Bank, and the fund provides a letter of financial guarantee of 90%.
- The letter of financial guarantee value starts from SAR 3 million and reaches SAR 15 million
- Motivating local and foreign investors to enter cultural projects
- Supporting the projects of the Ministry of Culture and its commissions
- Supporting projects of private sector establishments that serve the activities of the Ministry of Culture and its commissions.
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How to apply
How to apply
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Targeted sectors
Targeted sectors
- Literature
- Books and Publications
- Language and Translation
- Libraries
- Heritage
- Natural Heritage
- Archaeological and Cultural Landscapes
- Museums
- Visual Arts
- Film
- Theater and Performing Arts
- Music
- Fashion
- Culinary Arts
- Architecture and Design
- Cultural Festivals and Events
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General conditions
General conditions
- Age of the facility: All new and existing
- The sectors approved by the Fund: All segments initiated, micro, small, medium and large segments
- Life of the funded cultural activity: All new and existing
- Nationality of the facility: Saudi and foreign (having headquarters in the Kingdom)
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Purpose of financing
Purpose of financing
- Establishing and operating the activity
- Assets (construction, leasing and purchase)
- Working capital (salaries, expenses and operating expenses)
- Deduction of logistics and supply chain invoices
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Contact numbers
Contact numbers
+966-11-401-3030 Ext. 5952
+966-11-401-3030 Ext. 2691
+966-11-401-3030 Ext. 5601
+966-11-401-3030 Ext. 3218
email : cdf&rb@riyadbank.com
+966-11-401-3030 Ext. 2691
+966-11-401-3030 Ext. 5601
+966-11-401-3030 Ext. 3218
email : cdf&rb@riyadbank.com
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Apply now - Culture road program
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Riyad Line:
800 124 2225
