Capital expansion
Existing facilities
It's a long-term financing product aimed at financing capital assets...
- The business owner and partners must be Saudi nationals.
- All tax declarations must be fully paid.
- The establishment must be classified above the Red Zone under the Nitaqat program.
- The company and the owner must have a clean credit record with no defaults.
- No court orders should be in place.
- No returned cheques in the past year.
- For non-profit organizations, the absence of a SIMAH credit report is acceptable if there is no commercial registration.
- A clean credit history with no delinquencies.
- No outstanding dues with the Social Development Bank.
- The client, owner, or business must not be listed on the bank’s internal blacklist
Last Modified Date 05/05/2026 - 2:45 PM Saudi Time
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