About the Initiative Project
The objective of regular financing
It is to finance the small and medium-scale projects of Kafalah Program in cooperation with bank with a fund up to 10 million Riyals.
- The establishment is to have the budget audited.
- The establishment shall have its legal entity (Unincorporated- joint- limited liability- limited partnership).
- There is no any negative feedback for previous transactions with this bank or any other banks.
- The establishment has to be economically, financially, technically, administratively productive.
- The establishment sales/ overall deposits shall be less than 30 million SAR .
- To submit a copy of ID card.
- To submit a copy of commercial register.
- To submit a copy of professional license.
- To submit a copy of audited balances for the last three years (For the ongoing projects).
- To submit title documents (for property, cars, machine, and equipment).
- To submit any documents deemed necessary by the bank.