Target groups: medium, small and micro enterprises and companies

Program costs: a cost-supported program from the Saudi Arabian Monetary Agency for the private sector.

Duration of the program: from March 14, 2020 to March 14, 2021

Program Advantages:

  • Payment delay postponement period: 6 months from the date of the contract without commission
  • Supported financing products: financing lease
  • Financing commission: 4% annually
  • Administrative expenses: 0% zero percent
  • Financing period: 36 months from the contracting date, including the postponement period

Customer activity: all activities in the private sector

First payment: 5% on all classes

Last payment: 1%

Order quantity: Starting from one car, at least 100,000 riyals, and no more than the warranty ceiling for each order

Guarantee ceiling:

  • For micro enterprises: 2.5 million riyals per application
  • For small establishments: 5 million riyals per request
  • For medium enterprises: 15 million riyals per request