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Services and Products
Line of Credit (Domestic)
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​Lines of credit extended to local Financial Institutions for export-oriented facilities​

Product Description
Properties
Beneficiary

Local Financial Institution (Lender)

Uses

Provide funds for extending various types of export financing vehicles to Saudi Exporters

Type

To be determined after evaluation

Utilization

Lender disburses from the line of credit and reports results

Coverage

To be determined after evaluation

Facility Duration

Short-term

Repayment

To be determined after evaluation

Security

To be determined after evaluation

Cost

To be determined after evaluation

Benefits

  • Reduce cost of capital
  • Grow borrower base for Saudi exports
Eligibility
  • ​Eligibility criteria to be determined after assessment.​
Prerequisite

​initial 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.
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