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