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Product Description:

Financing to accelerate the growth of KSA firms operating in the IT (Information Technology) and ET (Emerging Technologies)

Apply for IT Sector Financing (NTDP)

Account Opening

Business account opening process is now digital. Apply in flexible and fast way to open your account with SAB

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Financing Terms and Requirements:

  • The business entity must be classified as a small or medium-sized enterprise (SME) with annual sales not exceeding SAR 200 million.
  • The business entity must have been operational for at least two years.
  • A positive credit history.
  • Audited financial statements or ZATCA report .
  • At least 12 months of banking transactions.
  • No outstanding enforcement proceedings.

The business entity may be required to contribute to the financing depending on the type of application.

 

Additional terms and conditions apply for each application.