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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.
Please complete the form below and we’ll call you as soon as possible:
Our team will be glad to serve you from 9am till 4:30pm, Sunday through Thursday.
Riyad Bank Kafala Program is an initiative backed by the Ministry of Finance, represented by Saudi Industrial Development Fund (SIDF) which aims to promote economic growth and financing to Small and Medium Enterprises (SMEs) within the Kingdom.
The maximum guarantee-eligible financing amount is SAR 2 million, whilst the minimum guarantee-eligible financing amount is SAR 100,000.
Kafala Program will also guarantee finance for other purposes, such as, purchasing fixed assets, working capital and all types of contract businesses.
SMEs must achieve sales between SAR 2 million and SAR 30 million.
Existing Riyad Bank customers can apply through the Relationship Manager.
New customers can apply through the nearest Riyad Bank Corporate Branch.
Rates & Fees are risk based and are a factor of the structure of the loan, which vary according to each case.
No, it does not.
It depends on the applicant’s cooperation with providing complete and sufficient documents.