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Micro, Small and Medium Enterprises (MSME) Financing Programs:
Micro, Small and Medium Enterprises (MSME) Financing Programs:
| Category | POS Cash Flow Finance | Payroll | Working Capital | Capex | NTDP | Dental Clinics Finance | ARAMCO Contractors & Suppliers | Working Capital with SIDF Guarantee |
| Finance amount | SAR 100k to 18.75 m |
SAR 100k to SAR 6 m |
SAR 100k to SAR 6 m |
SAR 100k to SAR 6 m |
SAR 100 k to SAR 15 m |
SAR 500 k to 2.5 m or Kafalah max | SAR 300 k to 500 k or Kafalah max | SAR 18.75 m to SAR 187.5 m with up to 80% SIDF guarantee |
| Facility Type | Short & medium term | Short term | Short term | Med term | Short & medium term | Short, medium & long term | Short term | Short term |
| Finance Pricing* | Minimum SIBOR + 7% | Minimum SIBOR+ 7% | Minimum SIBOR+ 7% | Minimum SIBOR + 7% | Minimum SIBOR + 3% | Minimum SIBOR + 4% | Minimum SIBOR + 3% | Maximum SIBOR + 4% |
| MGT Fees | Minimum 4% | Minimum 4% | Minimum 4% | Minimum 4% | Minimum 2% | Minimum 2% | Minimum 2% | Maximum 2% |
| Finance Tenor | Min 12 months, Max 60 months | Max 6 months | Max 6 months | Min 24 months Max 60 months |
Min 1 year Max 5 years |
Max 7 years with 1 year grace period | Max 12 months | 6 months |
| Finance Product | Loans | Loans | Loans | Loans | Loans | Loans / LGs & LCs | Loans / LGs & LCs | Loans |
*All prices & fees exclude VAT
Technology Sector Financing Program:
| Category | Tech Sector Financing |
| Minimum Finance | SAR 100k |
| Maximum Finance |
|
| Finance Tenor | 1 year to 5 years (in line with final Kafalah program offering) |
| Cash Margin | Nil |
| Pricing / Profit Markup | SIBOR + 3% to 6% |
| MGT Fees | Minimum 1% |
| Collateral | Kafalah coverage (up to 90%) |
*All prices & fees exclude VAT
Deposit Profit Rates
| Tenor | SAR | USD | GBP |
| 1 W | 5.00 | 4.78 | 4.55 |
| 2 W | 5.03 | 4.79 | 4.56 |
| 3 W | 5.05 | 4.81 | 4.57 |
| 1 M | 5.17 | 4.83 | 4.65 |
| 2 M | 5.37 | 4.82 | 4.67 |
| 3 M | 5.55 | 4.82 | 4.58 |
| 6 M | 5.50 | 4.80 | 4.34 |
| 9 M | 5.50 | 4.83 | 4.34 |
| 12 M | 5.54 | 4.80 | 4.11 |
Rates are indicative. Please contact the Bank for the rate of the day
| Schedule of Charges (1) |
Frequency | Amount (SAR) |
| Channel Servicing / Management Fees | ||
| Setup Fee | One Time | Waived |
| Subscription Fee | Monthly | Waived |
| Domestic Transfers (SAR) | ||
| Transfer to SAB Accounts | Per Transaction | Free |
| Transfer to Other Bank Accounts (2) | ||
Instant Payments upto SAR 500 |
Per Transaction | 0.50 |
Instant Payments above SAR 500 upto SAR 20,000 |
Per Transaction | 1.00 |
Local transfer above SAR 20,000 |
Per Transaction | 7.00 |
| International Transfers* | ||
| OUR - Charge the Sending Party | Per Transaction | 130.00 |
| SHA - Charge shared by Sender and Receiver | Per Transaction | 50.00 |
| BEN - Charge the Receiving Party | Per Transaction | 50.00 |
| SADAD & MOI Payments | ||
| Payment Charges | Per Transaction | Free |
| Payroll Services | ||
| Setup Fee | One Time | Waived |
| Subscription Fee | Monthly | Waived |
| Processing Fee | Per File | Waived |
| Transfer to SAB Accounts(3) | Per Transaction | Free |
| Same Day Transfer to Other Bank Accounts(3) | Per Transaction | 5.00 |
| Future Dated Transfer to Other Bank Accounts(3) | Per Transaction | 5.00 |
| Salary Card “Pay Card” Account(3) | Per Transaction | 7.50 |
| Penalty for Insufficient Funds(4) | As applicable | 1,000.00 |
(1) All charges are exclusive of VAT. Charges mentioned in the above table are applicable only when the Customer avails the services.
(2) The charges and range may vary subject to Saudi Payments directives
(3) Applicable if Payroll (Wage Protection System (WPS)) file is processed
(4) Applicable if Payroll (Wage Protection System (WPS)) file is unprocessed due to insufficient funds
* Payments requiring manual intervention or call back may incur additional charges.
Examples for calculating the pricing of Time Deposits
| Time Deposit Calculation | |
| Tenor | One week |
| Amount (SAR) | 1,000,000 |
| Profit Rate to Customer | 0.37% |
| Calculation | 7/360 * 0.37 * 1,000,000 |
| TOTAL PROFIT (SAR) | 71.95 |
| Time Deposit Calculation | |
| Tenor | One Month |
| Amount (SAR) | 1,000,000 |
| Profit Rate to Customer | 0.98% |
| Calculation | 30/360 * 0.98 * 1,000,000 |
| TOTAL PROFIT (SAR) | 816.67 |
| Time Deposit Calculation | |
| Tenor | One Year |
| Amount (SAR) | 1,000,000 |
| Profit Rate to Customer | 2.17% |
| Calculation | 360/360 * 2.17 * 1,000,000 |
| TOTAL PROFIT (SAR) | 21,700.00 |
Examples for calculating the pricing of Loans
| Loans Calculation | |
| Tenor | 1 Month |
| Amount (SAR) | 1,000,000 |
| Sibor Rate |
1.572430% |
| Spread Rate | 5.000000% |
| Rate to Customer | 6.572430% |
| Total Profit (SAR) | 5,477.025 |
| Total Payoff (SAR) | 1,005,477.30 |
| Loans Calculation | |
| Tenor | 3 Months |
| Amount (SAR) | 1,000,000 |
| Sibor Rate |
1.572430% |
| Spread Rate | 5.000000% |
| Rate to Customer | 6.572430% |
| Total Profit (SAR) | 16,431.075 |
| Total Payoff (SAR) |
1,016,431.08 |
| Loans Calculation | |
| Tenor | 6 Months |
| Amount (SAR) | 1,000,000 |
| Sibor Rate |
2.572430% |
| Spread Rate | 5.000000% |
| Rate to Customer | 7.572430% |
| Total Profit (SAR) | 37,862.150 |
| Total Payoff (SAR) | 1,037,862.15 |
