Financing Program for SME in Information Technology Sector

Financing Program for SME in Information Technology Sector

​In cooperation with Monsha’at and National Technology Development Program (NTDP), Bank Albilad offers financing solutions up to SAR 15 million for small and medium enterprises working in Information Technology Sector, this financing is supported by Kafalah Program and within the technology growth financing Initiative.



  • Ease of process and procedures
  • Supporting by Kafalah program up to 80% to 95%, 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

Documentation Requirements at Initial Application

  • Legal documents (commercial registration - articles of association - owners' IDs)
  • 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


What is Kafalah program and is it necessary to have a guarantor?

The Kafalah program is government support for small and medium-sized enterprises and the guarantor is not mandatory

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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