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 Letter of Credit

In coordination with commercial banks, SIDF is now issuing letters of credit to directly finance the machinery and equipment aiming to:

  • Provide sufficient liquidity for project costs
  • Expedite project implementation process

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Subject to a minimum of 25% implementation of Building & Civil Works and satisfying any applicable special conditions.

 

SIDF has signed so far with:

  • Riyad Bank
  • Banque Saudi Fransi
  • Bank AlJazira
  • SABB
  • Samba bank
  • Bank Albilad
  • Al Inma bank

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