About the Initiative Project
Premium Projects Funding
This program targets the projects of investments of more than at least 300 thousand Riyals and at most 8 million Riyals with a funding line up to 4 million Riyals; the project shall also include one of excellence criteria determined by the bank.
- The applicant shall be of Saudi nationality.
- Age: The applicant shall be over 25 and under 65 years old.
- Qualifications and experiences: The applicant shall hold, at least, secondary degree (thanawaya amaa’).
- The applicant shall has own former business establishment specialized at the project field that need to be financed.
- The applicant shall have a relevant previous work experience -of a job they formerly or currently works- on the project field that need to be financed.
- There is no qualification needed for funding requests for housing projects (touristic projects) in case that the applicant owns the asset.
- There is no qualification needed for funding requests of museum projects.
- The applicant shall not request a funding in case that they already have been loaned for an existing project.
- The financial and credit status of the applicant shall enable them to fund the project.
- To offer payment guarantee