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Kafala Program
Micro Enterprises
Small & Medium Enterprises
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overview
Overview
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.
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Eligibility
Eligibility
- 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
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How To Apply
How To Apply
Existing or new Riyad Bank customers can apply through the Business Pioneers Specialists or through the nearest Riyad Bank branch.
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Rates & Fees
Rates & Fees
Rates & Fees are risk based and are a factor of the structure of the loan, which vary according to each case.
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Your Answers
Frequently asked questions
1
Does Kafala program cover auto leasing and real estate finance?
2
How much time does it take to study and analyze the request before providing the required finance?
Need help?
Riyad Line:
800 124 2225
