About the Initiative Project
The tourism sector objective
Financially covering the touristic projects of Kafalah Program in cooperation with banks with an amount up to 10 million Riyals.
Project Application
Requirements
- 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.