Kafala Program Saudi Arabia - SME Financing
Funding small and medium enterprises (SMEs) that might not be able to source financing through normal banking channels.
Riyad Bank Kafala Program provides a wide range of financing solutions tailored to SMEs in the Kingdom.
Guaranteed financing for a number of purposes
Available for Saudi’s and foreigners
Kafala program offered by Riyad Bank ensures the facilities for fixed assets purchase or capital financing for the project, as well as all works based on the contracts.
The organization shall have a legal entity (a single, joint venture, a simple partnership company, etc.)
The project should be economically, financially, technically and administratively feasible
The following activities are considered as non-eligible activities to guarantee the program:
Activities owned or controlled by the government
Any activity contrary to the laws and regulations in the Kingdom of Saudi Arabia
Speculation “Mudaraba”, for example, banking or real estate speculation (in addition to projects financed by others)
Activities with annual sales or revenues exceeding SAR 30 million
When financing is in the form of personal or real estate loans
Existing or new Riyad Bank customers can apply through the Business Pioneers Specialists or through the nearest Riyad Bank branch.
Rates & Fees are risk based and are a factor of the structure of the loan, which vary according to each case.
Apply Online - Kafala Program
Riyad Bank Kafala Program provides a wide range of financing solutions tailored to Micro Enterprises in the Kingdom.
Type Seven Apply Now
A representative from Riyad Bank will contact you to complete your request.
Keeping in mind that a current account is required to obtain any product or service from Riyad bank, if you do not have one yet, you can open an account from here