Contract Financing offers financing to main contractors or nominated sub-contractors, who have been awarded or are in the process of bidding for contract(s) from government & semi government departments and private entities.
- Bid/Tender Guarantee
- Performance Guarantee
- Advance Payment Guarantee
- Retention Money Guarantee
- Overdraft Facilities
- LC & LC Refinance
- Short & Medium Term Finance
- Invoice Financing / Progress Payment Finance
Purpose of facility
To facilitate the execution and performance of contract(s) until full completion.
Key Product Features
Facilities are offered on a pre-implementation or post-completion basis, or a combination of both.
Business turnover between SR 1 million and SR 30 million
Bank terms and conditions apply.
Please contact our SME Centers to fix a convenient appointment with our sales staff who will be pleased to visit you at your office.