All fees are subjected to 15% Value Added Tax (VAT)

Product

Annual rate *

Management Fees *

Minimum Fees *

Short term Financing (less than 1 year)

Min SIBOR +4%

0.5% to 3%

SAR 1000

Medium term Financing (1-3 years)

Min SIBOR +5%

0.5% to 3%

SAR 1500

Long term Financing (More than 3 years)

Min SIBOR +7%

0.5% to 3%

SAR 2000

Point of Sales Financing

Min SIBOR +4%

Min of 1.5%

SAR 1000

Note: The above are only examples, Rates & Fees are based on loans structure, credit score, risks that vary within each case. Last Update: 01/05/2024

Example 1: Short-term financing

A client looking for a working capital finance with an amount of SAR 1,000,000 for a period of 10 months, and monthly installments:

Total Facility Amount

SAR 1,000,000

Annual rate

6%

Profit amount (Subject of utilizing all limit)

SAR 50,000

Financing Tenor

10 Months

Monthly Installment* (Subject of utilizing all limit)

SAR 105,000

Management Fee

SAR 10,000

Note: The above are only examples, Rates & Fees are based on loans structure, credit score, risks that vary within each case. Last Update: 01/05/2024

Example 2: Medium term financing

A client wishes to fund extracts of SAR 4,000,000 for a period of 24 months and to be paid on a quarterly basis:

Total Facility Amount

SAR 4,000,000

Annual rate

7%

Profit amount (Subject of utilizing all limit)

SAR 560,000

Financing Tenor

24 Months 

Quarterly Installment* (Subject of utilizing all limit)

SAR 570,000

Management Fee

SAR 40,000

Note: The above are only examples, Rates & Fees are based on loans structure, credit score, risks that vary within each case. Last Update: 01/05/2024

Example 3: Long-term financing

A customer looking for capital expenditure financing of SAR 6 million for a period of 5 years, and to be paid on a monthly basis:

Total Facility Amount

SAR 6,000,000

Annual rate

8%

Profit amount (Subject of utilizing all limit)

SAR 2,400,000

Financing Tenor

60 Months

Quarterly Installment* (Subject of utilizing all limit)

SAR 140,000

Management Fee

SAR 60,000

Note: The above are only examples, Rates & Fees are based on loans structure, credit score, risks that vary within each case. Last Update: 01/05/2024

Example 4: Point of Sales Financing

A customer looking for Point of Sales financing of SAR 1 million for a period of 12 months, and to be paid on a monthly basis:

Total Facility Amount

SAR 1,000,000

Annual rate

SIBOR +5%

Profit amount (Subject of utilizing all limit)

SAR 59,938.37

Financing Tenor

12 Months

Quarterly Installment* (Subject of utilizing all limit)

SAR 83,333.33

Management Fee

SAR 15,000

Note: The above table is just an example, the annual loan rate or administrative fees may differ based on the business sector, required amount, financing period, and credit score for each customer.

*The customer may request the distribution of installments (in addition to the bank's profits) on a monthly, quarterly, semi-annual or annual basis

All fees are subjected to 15% Value Added Tax (VAT)

*The customer may request the distribution of installments (in addition to the bank's profits) on a monthly, quarterly, semi-annual or annual basis