الصورة
Business
Equity Release Financing
Unlock your business potential with our secure cash financing for small and medium enterprises, backed by real estate collateral. Empower your growth today!
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What is the Mechanism of Cash Finance Secured by Property Mortgage?
• The company mortgages the property provided by the establishment, whether land or a building, for the entire duration of the financing repayment period.
• Once the establishment fully settles the outstanding amount, the company releases the mortgage on the property.
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Financing Features
A financing request letter certified by the Chamber of Commerce.
Copies of the establishment’s valid legal documents.
A copy of the national ID or residence permit (for sole proprietors) or national IDs of all partners (for partnerships).
A copy of the Articles of Association and financial statements (for companies only).
The establishment’s bank statement (last 6 months).
National Address.
A copy of the property title deed.
A copy of the building permit.
Any additional documents that may be requested by the company.
Application Steps
1. Financing up to SAR 15 million, based on the enterprise’s annual revenues.
2. Financing tenure of up to 36 months.
3. Shariah compliant financing.
4. Simple and streamlined procedures.
5. Flexible and easy requirements.
Application Steps
Financing Qualifications
- The enterprise must meet the minimum credit rating and acceptable risk classification requirements in accordance with the company’s policy and the Kafalah Program.
- The enterprise must have a valid legal entity (such as a sole proprietorship, limited liability company, etc.).
- The enterprise must have an established physical location for its business activity or activities.
- A positive credit history for the enterprise and its owners must be available in SIMAH.
- The enterprise’s financial indicators must be positive.
- The property must be located within the urban boundary and within approved development plans.
Financing Features
Required Documents
Terms and Conditions