Government
Competitions

A financing product that aims to support the non-profit sector to obtain government competitions that contribute to increasing their revenues, which contributes to increasing the contribution of the non-profit sector to the GDP.

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  1. The financing ceiling is up to 10 million riyals
  2. Financing period up to 5 years
  3. Flexibility in the payment mechanism
  4. Competitive fees

  • The entity must be accredited by the Ministry of Human Resources and Social Development / General Authority of Awqaf
  • The entity should have an audited budget for the last two years
  • That the financial and credit status of the entity allow obtaining financing
  • The entity should have previous experience in implementing projects similar to the competition activity to be funded

  • Audited budget for the last two years
  • Competition award letter
  • Documents indicating the entity's experience in implementing similar projects for the same activity to be financed
  • Proof of project cost
  • A letter of undertaking to provide the self-contribution and a letter of waiver of extracts
  • Any other documents requested by the producer

A financing product specialized in financing non-profit organizations to enter government competitions
Apply
Target Audience
Associations and NGOs
Social development committees and endowment institutions
Companies that have a certificate of endowment registration
Beneficiaries
New
Service Fees
Nominal fee
Response Time:
24/7
Submission channels:
 
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Submission language:
Arabic
User's guide:
User's Guide
Service application start date
    2021  114-200.png          
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Internal Strategic Engagement

 

The product "Financing Government Competitions for Societies" is linked to one of the Bank's strategic objectives: Developing and strengthening the microfinance system

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International strategic link

The product "Financing Government Competitions for Associations" intersects with the first, second and seventeenth goals with the goals of sustainable development. It can be viewed here

Product Features

Funding Ceiling
Up to 10M SAR

Loan Duration
Up to 5 years

Payment Method
Flexible

Administrative Fees
Nominal Fees


Grace Period
-

Customer Journey

Submit Application

Eligibility Check

Processing

Deposit

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Do you have any inquiries? 

If you have any questions regarding the Government Competitions, please see the Frequently Asked Questions.

FAQ Contact Us
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