Frequently asked questions
It is a short-term financing solution designed to help enterprises cover their payroll obligations and manage operational costs.
• Compliance: Consistent submission of payroll files via Mudad or Wages Protection System (WPS) for the last 12 consecutive months (without delays).
• Certification: A valid Compliance Certificate from Masdar or Mudad.
All forms of collateral are acceptable. However, a Joint & Several Guarantee (Partners’ Guarantee) is mandatory. This means the business owner or one of the partners must personally guarantee the facility. You may provide additional guarantees as long as the Partners' Guarantee is included.
• Valid Commercial Registration (CR).
• National ID copies for the owner, partners, and guarantors.
• Articles of Association (AoA) and Shareholders’ Resolution (for companies).
• Nitaqat (Saudization) Report.
• No-Objection Certificate (NOC) for credit inquiries on owners and guarantors.
• SIMAH Credit Report.
• The last four (4) VAT returns.
Enterprises with annual revenues ranging from SAR 500,000 to SAR 40 Million.
The payroll financing amount is disbursed as a single lump-sum payment
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