Contracting Finance product for Micro, small & medium enterprises

Contract financing from anb allows contracting and construction sector to be granted a combination of financing limits for client’s projects including: performance guarantee, Advance payment guarantee, progress proceeds finance and mobilization loan.

Product Features

Financing up to 5 million riyals

Competitive rates and fees

Flexible and simplified terms & conditions for granting the product

No financial statements required

Fast approvals

Product limits
  • Maximum limit up to 5 million riyals. 
  • One off performance guarantees up to 5% 
  • One off advance payment guarantees up to 20% 
  • Progress proceeds / Invoices finance up to 60% 
  • One off mobilization loan up to 10% 
Product Period
  • One off performance guarantees up to 36 months 
  • Progress proceeds / Invoices finance up to 180 days 
  • One off mobilization loan up to 24 months 
Terms and requirements
  • 3 years operations is a minimum requirement (from the issue date of CR).
  • Only accredited list governmental and semi-governmental projects are accepted.
  • Past and ongoing project schedule. 
  • Assignment and endorsement of the legitimate assignment of the letter of guarantee.