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    Cash Backed Guarantee

    Limited Offer. No issuance fees when you apply for 100% Cash Backed Guarantee through SAB iCorp & HSBCnet. Offer valid until 31 Dec, 2024.

     

    SAB clients can now apply for 100% Cash Backed Guarantee through SAB iCorp & HSBCnet with no issuance fees until 31 March 2024* For more information, click here

     

    Cash Backed Guarantee is a written undertaking issued by the bank against 100% cash margin or collateral amount deposited by clients and as in the case of all guarantees, it is payable at the first call or demand received from the beneficiary during the guarantee validity period. Cash Backed Guarantee is offered to SMEs with a maximum turnaround time of 2 hours for issuance of the Guarantee from receipt of the guarantee application & without visiting the branch.

    Click here to know the branches offering Cashed Backed Guarantee collection service (up to 15 million SAR).
    CPM

    Saudi Awwal Bank Global Trade and Receivable Finance (GTRF) Area Management Office – Central Province King Abdullah Road cross Olaya Street, First Floor, Riyadh

    EPM

    Saudi Awwal Bank Global Trade and Receivable Finance – (GTRF) Area Management Office – Eastern Province King Abdulaziz Road in front of Al Falak Towers, 8th Floor, Al Khobar

    WPM

    Saudi Awwal Bank Area Management Office, Western Province King Abdulaziz Road Crossing Hira Street, Al-Shatea District, Jeddah

    Things you should know

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