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Product Definition

A product specially designed for Enterprises in the early operating years of the business activity.

Targets Audience

All Enterprises that aren't more than 3 years old according to the date of issuance of the Commercial Register of activity.

Maximum guarantee value

 Up to a Maximum of 2.5 million riyals for Micro Enterprises

 Up to a Maximum of 5 million riyals for Small Enterprises

 Up to a Maximum of 15 million riyals for Medium Enterprises ​

Maximum Coverage Ratio

The Program offers a funding guarantee of up 90% of the funding value.

Benefit Steps

• The enterprise applies for financing to the financial entities cooperating with the Program directly, or to apply through the finance portal supervised by the SME Bank.
•  Request for funding and if the funding provider needs guarantees to cover the risks, it is transferred to the Program to study the request for Kafalah.
• Kafalah Program studies the request and if approved by the Program, Kafalah is issued in favor of the financier.