Inward bills for Collection & Avalisation services
It covers Import or local Trade documentary bills for collections received by corporate buyers against goods & services purchased from local or overseas sellers. Avalisation services for such bills provide an undertaking by the Bank for payment of inward collection bills on due dates on behalf of Bank's customer.
Outward bill for Collection (OBC) & Deduction of bills
Deals with Export and Local Trade documentary bills for collections sent by corporate Exporters or sellers against supply of goods & / or services to overseas & local buyers. Discounting services for outward bills are also provided to allow funding by the Bank against future proceeds of underlying bills on recourse & non-recourse basis to Bank's customer under approved credit lines for Bill deduction.
Arab National Bank (anb) - a Saudi joint stock co. - paid up capital SR. 15,000 Million - Unified No. 7000018007 - License No. 4017/m/a/254- National Address 7317 King Faisal Rd. Al Murabba, unit number 1, Riyadh 12613-3536 - P.O. Box 56921, Riyadh 11564, Kingdom of Saudi Arabia - Website: anb.com.sa - Telephone +966114029000 - Fax +966114027747 The Bank is regulated and supervised by Saudi Central Bank