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Buyer’s Credit
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​​​​​​Short to medium-term revolving facilities provided to international buyers of Saudi goods/ services against confirmed export orders

Product Description
Properties
Beneficiary

International Buyer

Uses

Finance international buyer purchase of Saudi goods or services (includes projects)

Type

To be determined after evaluation

Utilization

disbursements to be made directly to Saudi Exporters upon fulfilment of disbursement conditions

Coverage

To be determined after evaluation

Facility Duration

Short, medium or long term

Repayment

To be determined after evaluation

Security

To be determined after evaluation

Cost

To be determined after evaluation

Benefits
  • Increase efficiency of managing working capital needs
  • Decrease repayment terms on invoices to international buyers
  • Expand customer base using financing offer
  • Mitigate international buyer repayment risk​​
Eligibility

• International (non-Saudi) corporates or sovereign entities
• Remaining eligibility criteria to be determined after assessment. ​

Prerequisite

Iinitial requirements for new Saudi Exporters applications:
  • Company Profile
  • Management Profile
  • Industrial License
  • Zakat and VAT Registration Certificates
  • SIMAH Credit Check Declaration
  • Certificate of Origin (for Products)

Submission requirements:
  • Commercial Registration.
  • Memorandum of Association (for companies).
  • Audited financial statements for the last three years as well as the last quarter.
  • The structure of the company and its subsidiaries.
  • Know your customer form.
  • Clearance reports for the last three years, each year separately.
  • Financial statements for the last three years.
  • Know your customer form
  • Memorandum of Association.
  • The structure of the company and its subsidiaries.
  • Export Contract (Draft can be submitted)​
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