العربية

Guarantee Program to Support Working Capital Needs

A guarantee provided by SIDF to a financing entity or an industrial company, to support small and medium enterprises in obtaining credit facilities from Financial Institutions or enhanced credit terms from Corporate Creditors. The aim of the program is to support SIDF clients through the program partners

Objectives:

  • Crowd-in private sector funding into SIDF approved sectors
  • Diversify SIDF offering.​​
  • Clients to secure raw material from Corporate Creditors by credit terms rather than cash in advance.

Program Paths:

  • Guarantee to support working capital needs Path through commercial banks:
  1. الأول - SAB
  2. Banque Saudi Fransi ​
  3. Riyad Bank.
  4. Arab National Bank.
  • Trade Finance guarantee path to improve sales through our industrial company partner: Tasnee.

Benefits:

  • Obtain credit facilities from financial institutions
    (Guarantee to support working capital needs Path )
  • Improve credit terms with corporate creditors
    ​  (Trade Finance guarantee path)​​
  • Guarantee duration reaches 24 months.​​

Beneficiary:

  • Existing and operational.
  • Satisfactory relationship with SIDF (if existing).
  • Audited financial statements for the last 3 years.
  • Proven need of working capital.
  • Profitable company for the last two years.

To apply for the Guarantee Program:

  • Directly through SIDF guarantee program partners
  • Through your SIDF credit relationship manager (for existing clients) or via email ifs@sidf.gov.sa
​
​
​
​
​
​
​

​​

​

​
​​​​
​

​
​​​​​
​​
​
​
​