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Product Description
Our Working Capital provides short-term financing options that are guaranteed by the Saudi Industrial Development Fund (SIDF) and supports businesses in obtaining additional funds to help cover everyday costs and business requirements. The product is for Saudi small and medium businesses, together with foreign investment facilities operating in Saudi and approved by the Ministry of Investment. The eligible sectors selected by SIDF are industry, mining, energy, industrial services, support and logistical services, and technology and infrastructure development
Benefits:
Things you should know
- Eligibility Criteria:
Working Capital Finance with SIDF Guarantee
| Category | Finance amount | Facility Type | Annual Percentage Rate | MGT Fees | Minimum (or) Maximum for Management Fees | Finance Tenor | Finance Product |
| Working Capital Finance with SIDF Guarantee | SAR 18.75M to 187.5M SAR with up to 80% SIDF guarantee |
Short term |
Maximum SIBOR + 4% |
1% to 5% |
N/A | 6 months | Loans |
*Terms & Conditions applies
*The above table is an example, and the annual percentage rate (APR) may differ depending on the amount, the maturity period, and credit scoring of each customer.
