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Last Modified 23 March 2025
ResetIt is a product directed at self-employment practitioners. It was developed in conjunction with the launch of the self-employment platform by the Ministry of Human Resources. Its aim is to support the category of self-employed workers, to spread the culture of self-employment and stimulate it, and to shift from financing for consumer purposes to development financing.
The Nafath product supports the following paths:
Cash:
•Rural development professions
•Real estate professions
•Handcrafts professions
•delivery
•Accounting professions
•Specialized service professions
•Real estate professions
•Handcrafts professions
•delivery
•Accounting professions
•Specialized service professions
1- Before uploading the documents and approving the application and processing it through the financing data icon.
2- After the application is approved and processed by rejecting the financing contract.
This does not incur any fees at this time
- 25% discount for retirees only on all self-employment financing.
- 50% discount for social security/people with disabilities/orphans of the Ministry.
The procedures and mechanism for escalating the collection efforts approved by the bank will be completed before registering as a defaulter in “Simah” Until reaching the last stages of escalation and legal claims.
Job seekers: do not have a job
Unemployed: They do not have financial dealings with commercial banks, so the producer will grant him a self-employment document + a self-employment bank account
The employee's monthly salary includes the fixed allowances approved in the self-employment policy.
Didn't find an answer
to your question?
If you have any questions that you did not find an answer to in the frequently asked questions, contact us.
Email: care@sdb.gov.sa
Phone number: +920008002
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