To contribute to the advancement of the Saudi national economy and decrease unemployment through the continuous development and upgrading of the Small and Medium Enterprise sector.
Buying fixed assets and/or financing working capital.
Minimum limit for Kafala:
Maximum limit for Kafala:
The Program offers a guarantee of up to SR 1.6 million for new and existing enterprises.
Minimum limit for finance:
The minimum limit of a qualifying finance value is SR 100,000.
Maximum limit of finance:
The maximum limit of a qualifying finance value is SR 2 million.
The guarantee is issued in consistency with the finance term, which is up to 7 years (the guarantee term can be extended upon the Bank’s request).
The finance process adopted in the Program:
The Program offers guarantees for all types of financing and according to Al aljazira Bank’s approved and Shariah compliant finance solutions.
For more information, please contact us by email on email@example.com or visit one of branches or call the phone banking 800-244-9999
Its main function is to offer guarantees to financial establishments in order A: to minimize risks of the Small and Medium Enterprise sector. The Program can guarantee up to 80% of the finance amount given to new and existing Small and Medium Enterprises.
Any activity that has total annual revenue of up to SR 30 million can get finance under this Program. The legal entity of the establishment is also necessary because if more than one company are under one legal entity, the total revenue of all these companies will be taken into consideration.
Exceptions include the following:
Yes, the Program offers guarantees for both types, according to its criteria.
It covers the long-term finance of fixed assets and short-term finance that is usually required for working capital.
Yes, it covers services such as marketing, design, creative work or even inventions.
The maximum limit is SR 1.6 million on the condition the amount does not exceed 80% of the finance amount.
The guarantee can be issued for up to 7 years, on the condition that the Bank agrees to the credit as a whole.
Provide Bank AlJazira, through its branches or phone banking, with all your contact details: name, address, fixed landline numbers, mobile numbers, etc. The Relationship Manager then handles all the instructions and guides you to complete the needed requirements.
First, Bank AlJazira will study and evaluate your request according to its applicable criteria. After approval, the Bank presents your request to the Fund in order to issue the Kafala guarantee. The Fund is fully entitled to approve or reject the issuance of the Kafala financing.