About the Initiative Project
SDB launches this program by offering a number of investment opportunities that has high percentage of profitability and low percentages of risks and make it available for customers. The bank select projects that prove successful and sign contract of Franchising with those who want to benefit from bank services; especially targeted group by bank support.
- The applicant must be a Saudi national.
- The applicant shall be over 21 and under 65 years old.
- The applicant shall be unoccupied to operate their own project.
- The applicant shall not apply for two request for funding of the bank funding programmmes.
- The integrity of the credit record according to the bank's policies.
- The applicant must be accepted by the company granting the franchise.
- Pass the training phase of the granting company.
- To provide guarantees of not less than 30% of the financing value.