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Excellence Projects Program

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Our Products / Corporate Products / New facility / Excellence Projects Program
Last Updated:2022/12/28 Gregorian
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Product Features
  1. The financing ceiling starts from 300 thousand to 4 million riyals
    Financing period up to 8 years
    Grace period of up to two years
    Payment method on a monthly basis
Product Conditions
Applicant age shall be from 21 to 62
integrity of the credit register, where the defaults shall not exceed an amount of SAR 15k 
Warranties: Mortgage – personal guarantee – third party guarantee – companies and institutions guarantee – financial guarantee  
Job sabbatical, and it is permissible to provide financing to the Applicant, in case of not meeting the condition of job sabbatical, on condition that a full-time experienced Saudi manager is provided for managing the enterpri Commercial sabbatical, where more than a trade license/partnership may be held in enterprises other than that enterprise required to be financed
Pass the personal interview.
Commercial Register
Memorandum of Association if the legal entity is a company
Fill out the form of guarantees acknowledgment (to download the file, click here.)
Copy of the Owner's ID, or partners’ IDs if they are a company
Copy of the academic qualification
Copy of a CV
Proof of practical experience
Feasibility study or action plan of the project needed to be financed, besides quotations

Targeted
المواطنين والمواطنات 

Number Of Ben
1,2 مليون

Fees
Administrative fee 7%
Annual service fee 1%

Strategy
“Excellence” Enterprises intersects with the fourth strategic objective of the Social Development Bank.
Providing value-added financing for small and emerging projects

International Strategy
“Excellence” Enterprises intersects with the 9th Sustainable Development Goal of the United Nations. can be viewed here   

Language
Arabic

Channel Service
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User Guid
Can be viewed in Arabic Version

FAQ
Commercial Register
Memorandum of Association if the legal entity is a company
Fill out the form of guarantees acknowledgment (to download the file, click here.)
Copy of the Owner's ID, or partners’ IDs if they are a company
Copy of the academic qualification
Copy of a CV
Proof of practical experience
Feasibility study or action plan of the project needed to be financed, besides quotations

Time to Response
24/7

Lunch Date
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