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Financing Program for SME in Entertainment Sector

​In cooperation with Kafalah program and General Entertainment Authority, Bank Albilad offers financing solutions up to 15 million guaranteed by Kafalah program aim to support small and medium-sized companies in the entertainment sector. 

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​Features


  • Ease of process and procedures
  • Supporting by Kafalah program up to 80% to 90%, which leads to a low profit margin
  • Providing the service through the branches of the regions Riyadh, Jeddah, and Dammam.
  • The Financing limit is up to SAR 15 million to support operational needs and expansions
  • Settlement is possible in monthly, quarterly, or yearly installments

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Documentation Requirements at Initial Application


  • Legal documents (commercial registration - articles of association - owners' IDs).
  • Fill SIMAH record on company’s Publications.

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Terms and Conditions


  • Not exceeding the limit available by Kafalah
  • The client’s experience should be at least two years 
  • Signing the facilities documents and the promissory note for the full amount of the facilities


​FAQs


What is Kafalah program?

The Kafalah program is a government support for small and medium-sized enterprises.

Does the client communicate with Kafalah to raise the request? 

No, the bank takes care of all the procedures

How much is the financing amount and what are the prices? 

Depends on the type of request made by the client


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