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Micro, Small and Medium Enterprises (MSME) Financing Programs:
Micro, Small and Medium Enterprises (MSME) Financing Programs:
| Category | POS Cash Flow Finance | Payroll | Working Capital | Capex | NTDP | Dental Clinics Finance | ARAMCO Contractors & Suppliers | Working Capital with SIDF Guarantee |
| Finance amount | SAR 100k to 18.75 m |
SAR 100k to SAR 6 m |
SAR 100k to SAR 6 m |
SAR 100k to SAR 6 m |
SAR 100 k to SAR 15 m |
SAR 500 k to 2.5 m or Kafalah max | SAR 300 k to 500 k or Kafalah max | SAR 18.75 m to SAR 187.5 m with up to 80% SIDF guarantee |
| Facility Type | Short & medium term | Short term | Short term | Med term | Short & medium term | Short, medium & long term | Short term | Short term |
| Finance Pricing* | Minimum SIBOR + 6% | Minimum SIBOR+ 6% | Minimum SIBOR+ 6% | Minimum SIBOR + 5% | Minimum SIBOR + 3% | Minimum SIBOR + 4% | Minimum SIBOR + 3% | Maximum SIBOR + 4% |
| MGT Fees | Minimum 3% | Minimum 3% | Minimum 3% | Minimum 3% | Minimum 2% | Minimum 2% | Minimum 2% | Maximum 2% |
| Years in Operation | 24 months | 24 months | 24 months | 24 months | Startup | Startup | 24 months | 24 months |
| Finance Tenor | Min 12 months, Max 60 months with 6 months grace period | Max 6 months | Max 6 months | Min 24 months Max 60 months with 6 months grace period |
Min 1 year Max 5 years |
Max 7 years with 1 year grace period | Max 12 months | 6 months |
| Finance Product | Loans | Loans | Loans | Loans | Loans | Loans / LGs & LCs | Loans / LGs & LCs | Loans |
*All prices & fees exclude VAT
Technology Sector Financing Program:
| Category | Tech Sector Financing |
| Minimum Finance | SAR 100k |
| Maximum Finance |
|
| Finance Tenor | 1 year to 5 years (in line with final Kafalah program offering) |
| Cash Margin | Nil |
| Pricing / Profit Markup | SIBOR + 3% to 6% |
| MGT Fees | Minimum 1% |
| Collateral | Kafalah coverage (up to 90%) |
*All prices & fees exclude VAT
Deposit Profit Rates
| Tenor | SAR | USD | GBP |
| 1 W | 5.00 | 4.82 | 4.54 |
| 2 W | 5.03 | 4.83 | 4.55 |
| 3 W | 5.05 | 4.83 | 4.56 |
| 1 M | 5.13 | 4.84 | 4.64 |
| 2 M | 5.41 | 4.84 | 4.72 |
| 3 M | 5.53 | 4.83 | 4.67 |
| 6 M | 5.54 | 4.82 | 4.52 |
| 9 M | 5.57 | 4.87 | 4.52 |
| 12 M | 5.59 | 4.80 | 4.38 |
Rates are indicative. Please contact the Bank for the rate of the day
Examples for calculating the pricing of Time Deposits
| Time Deposit Calculation | |
| Tenor | One week |
| Amount (SAR) | 1,000,000 |
| Profit Rate to Customer | 0.37% |
| Calculation | 7/360 * 0.37 * 1,000,000 |
| TOTAL PROFIT (SAR) | 71.95 |
| Time Deposit Calculation | |
| Tenor | One Month |
| Amount (SAR) | 1,000,000 |
| Profit Rate to Customer | 0.98% |
| Calculation | 30/360 * 0.98 * 1,000,000 |
| TOTAL PROFIT (SAR) | 816.67 |
| Time Deposit Calculation | |
| Tenor | One Year |
| Amount (SAR) | 1,000,000 |
| Profit Rate to Customer | 2.17% |
| Calculation | 360/360 * 2.17 * 1,000,000 |
| TOTAL PROFIT (SAR) | 21,700.00 |
Examples for calculating the pricing of Loans
| Loans Calculation | |
| Tenor | 1 Month |
| Amount (SAR) | 1,000,000 |
| Sibor Rate |
1.572430% |
| Spread Rate | 5.000000% |
| Rate to Customer | 6.572430% |
| Total Profit (SAR) | 5,477.025 |
| Total Payoff (SAR) | 1,005,477.30 |
| Loans Calculation | |
| Tenor | 3 Months |
| Amount (SAR) | 1,000,000 |
| Sibor Rate |
1.572430% |
| Spread Rate | 5.000000% |
| Rate to Customer | 6.572430% |
| Total Profit (SAR) | 16,431.075 |
| Total Payoff (SAR) |
1,016,431.08 |
| Loans Calculation | |
| Tenor | 6 Months |
| Amount (SAR) | 1,000,000 |
| Sibor Rate |
2.572430% |
| Spread Rate | 5.000000% |
| Rate to Customer | 7.572430% |
| Total Profit (SAR) | 37,862.150 |
| Total Payoff (SAR) | 1,037,862.15 |
