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

Eligibility

Business turnover between SAR 1 million and SAR 30 million

Bank terms and conditions apply.

Next Steps

Please contact our SME Centers to fix a convenient appointment with our sales staff who will be pleased to visit you at your office.