A product specialized in financing companies and corporation whose working years are no less than 3 or more, and their sales start from 3 million riyals per year to a maximum of 40 million riyals per year.
Financing Exsisitng Facilities " Horizon"
A product specialized in financing existing Facilities and companies whose working years are not less than 3 years and their sales are between 3 to 40 million riyals per year, with a financing amount of up to 10 million riyals with the aim of expanding their business and activities, in several sectors as diverse as industry, education, quality of life, entertainment Tourism, technology, retail, and other vital sectors of economic feasibility.
Horizon's Targeted Sectors
Industry, education, quality of life (entertainment, tourism), technology, retail. Or any sectors that the bank deems feasible to finance.
the Financing Amount & Type
Financing Amount:
10 million max
Financing Type:
1- Short term financing
To support the operating cycle of the facility with a repayment period not exceeding one year
2- Long term financing
To support capital expansions with a repayment period not exceeding 5 years
Self Financing Ratio
The percentage of self-financing is determined based on the credit study of the facility
User Guide
This user guide is available
in Arabic for Saudi Citizens
Required Documents
National id - National address - IBAN number -Absher phone number
Online Service availability
24/7
Additional Information
for more information please click
here
Result: 2.6 (From 47 Ratings)