Kafalah program is a governmental program affiliated to SME Bank, one of the subsidiaries under the National Development Fund (NDF) which was established by Cabinet Resolution No. 376, dated 04/07/1442 AH.

It’s a financial guarantee program from the Government related entity that enables small and medium enterprises (SMEs) to obtain financing from banks especially for those people who have trouble providing guarantees to the bank.

The Kafalah program aims to support and promote the growth of SMEs in the country by providing the required guarantees to the banks, which reduces the risk of lending and encourages banks to provide financing to SMEs.

For further information, please visit Kafalah Program website

SAB defines its MSME segments as follows:

• Micro-enterprises: Employ 1 to 5 workers or have revenue not exceeding 3 million Riyal.
• Small enterprises: Employ 6 to 49 workers or have revenue exceeding 3 million but less than 40 million Riyal.
• Medium enterprises: Employ 50 to 249 workers or have revenue ranging from 40 million up to 200 million Riyal.

For further information, please visit  Welcome to The Small and Medium Enterprises General Authority | Monshaat