Industrial Guarantee Program
Industrial Guarantee Program
A Program between Saudi Industrial development fund and Riyad Bank that aims to support SIDF targeted sectors. SIDF main role is to provide financial guarantees to increase client opportunity of obtaining the necessary financing for their working capital needs.
More Information
-
Offering finance solutions to support tourism investment.
-
supporting the development of tourism projects.
-
Facilitate investments and encourage investors on promising tourism sector
-
Industrial
-
Mining
-
Energy
-
Logistics
-
Entities can apply to the program by filling out the joining application or by communicating via the following email:
sidf&rb@riyadbank.com
-
Proven need of working capital.
-
Existing and operational entity.
-
Satisfactory relationship with SIDF (if existing).
-
Audited financial statements for the last 3 years.
-
Profitable company for the last two years.
-
Working capital (e.g., salaries and operating expenses)
-
Working Capital Loans