It is one of the first Saudi finance companies licensed by the Saudi Central Bank (SAMA) since 2000. The company provides many financing services to individuals and small and medium enterprises, which has earned it leadership in the field of finance. The company believes that SMEs are the cornerstone of the economic sector, so it strives to overcome the obstacles in front of these institutions in order to achieve the goals of Vision 2030.
1. Securitization:
It is an instrument through which the customer obtains cash after a series of sales transactions. This type is characterized as Sharia-compliant. The financing amount is up to SAR 7,500,000 and the repayment period extends over 48 months.
Required documents:
A copy of the national ID of the owner, partners, and agent.
A copy of the company’s articles of incorporation.
A copy of the commercial register.
Bank statement for the last 12 months.
Copies of financial statements for the past three years (500,000 riyals) and above.
“Optimal Finance” seeks to fulfill all the needs of its customers from small and medium enterprises through the (financial leasing) product for various types of car fleets according to a fast mechanism and a carefully studied monthly fee. This type of financing is characterized by being Sharia-compliant and the repayment period is up to 48 months; for an amount of 7,500,000 riyals.
Required documents:
A copy of the national ID.
A copy of the commercial register.
Bank statement for the last 12 months.
In its keenness to support the SME sector and its belief in the e-commerce sector and its ability to boost the GDP, Optimum offers its customers this important service, “E-Store Support and Financing”; with a financing amount of up to SAR 3,000,000 and a repayment period that extends over 24 months.
This program is designed for SMEs to overcome the challenges of the coronavirus crisis. The program is offered without collateral or mortgage in cooperation with the Kafalah program and with the support of the Saudi Central Bank.
Advantages of this program:
Financing amount up to 7,500,000 riyals.
Exemption from providing any guarantees or mortgages.
Exemption from administrative fees.
_ Deferred installments for the first 6 months.
Up to 36 months of repayment.
A distinctive profit margin of 4% of the financing value per year.
Required documents:
A copy of your national ID
A copy of the company’s articles of incorporation
Copy of the commercial register
Bank statement for the last 12 months
Copy of audited financial statements for the past three years (existing projects).
