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The documentation needed to complete an application file is as follows:
1. A copy of the Fund’s Application Form, duly completed.
2. A copy of the Industrial License.
3. Detailed and recent feasibility study (should not be more than one year old
from the date of the loan application) in Arabic or English. In preparing the
feasibility study, guidelines in Section-2 should be followed. ) (The essential
purpose of the study is to demonstrate clearly and in detail why the project
is feasible).
4. A copy of the Commercial Registration (If the Commercial registration has
not yet been obtained, a copy of the draft articles of association may be
acceptable as an interim solution).
5. A copy of the Land lease agreement or copy of the land deed.
6. Complete the Statement of Personal Net Worth form for each shareholder
separately.
7. Three quotations for machinery and equipment from different sources showing
detailed prices and specifications. Catalogs for the machinery should also be
submitted.
8. Full set of the building drawings including machinery layout.
9. Three quotations for the buildings and civil works supported by bill of
quantities.
10. Three quotations from different sources for raw and packaging materials
used in manufacturing the proposed products.
11. If there is an agreement with another party for know-how, management,
licensing, marketing and distribution or any other form of agreement related to
the project, a copy should be included.
12. For expansion, modernization or replacement of machinery for existing
projects, audited financial statement for the past 3 years must be submitted.
Important Note
If any of the items 4 to 12 cannot be included, an explanation must be provided
and a date for submission it specified. It should be noted that all items
listed above are essential parts of the feasibility study. Omission will cause
delay in evaluation or possible rejection of your loan application.
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