The SME Letter of Credit (LC) & LC Refinance is a Sharia compliant program designed to assist SME traders to import/ purchase and finance inventory.
Purpose of facility
- Purchase of goods and services from either local or international markets
- Increase in working capital
- Business expansion
Key Product Features
- Max Finance amount: up to SAR 5 million
- Tenor: 1 year (with annual limit renewal)
- Wide range of collaterals accepted
- Low Cash Margin
Business turnover between SAR 1 million and SAR 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.