Import Documentary Credits issued by SAB are a payment method that reduces risk and strengthens your negotiating position. Protects both the buyer and supplier Interest.

1. Benefits:
   • Letter of Credit amount up to SAR 15 M*.
   • 24hr issuance upon receiving of complete application.
   • Letter of Credit can be issued in SAR and foreign currencies*.
   • Letter of Credit can be issued on behalf of third parties*

*Terms & Conditions apply

 

2. General Condition:
   • Applicant must be a SAB client. If not, click here open your new account online
   • Third party should be a SAB client.
   • Additional 10% will be added to the cash margin for LCs issued in foreign currencies.
   • 1-year maximum tenor for each type of LC.
   • To find out about the branches offering this service, please call 800 120 0025