Kafalah guarantees financing from cooperating financiers for the existing and new activity, while there are criteria for eligible activities
Key criteria for eligible activities.
- The activity should be economically and financially feasible from the point of view of the Program and the financier and in line with Saudi Vision 2030.
- The activity contributes to enhancing the competitiveness of the Kingdom's MSMEs.
- The activity recruits and trains Saudis. 4. The activity contributes to the replacement of imported products by local products.
- The activity produces innovative goods and services.
- Foreign majority-owned enterprises may be guaranteed if the activity is a targeted activity and obtains high rate of Saudization in Nitaqat (high green or platinum).