Performance bond for Micro, Small and Medium Enterprises
Getting your work done is a priority and your Letter of Guarantees are easier with us.
Don't let complex procedures hold back your success. With alinma Bank, issuing your Final and Performance Guarantees is now easier than ever. Take advantage of flexible cash coverage of up to 50% without the need to submit financial statements.
Simple and Convenient Ways to Apply for (DAMAN):
- Apply Now – Quick and Easy!
Fill out the online form, and one of our dedicated specialists will contact you shortly to guide you through every step of the application process. - Visit Your Nearest Branch
Drop by any of our branches, and our customer service team will be happy to answer your questions and assist you with your financing application. - Meet Us in Person – Specialized Support
Visit our SME Financing Department at the Head Office in Riyadh or at our regional offices in Jeddah and Khobar, where our experts are ready to serve you with tailored solutions.
Product Benefits
- Guarantee value up to SAR 1 million
- Guarantee period of up to 5 years
- Competitive rates and fees
- No need to provide financial statements
- Fast issuance of the guarantee once documents are complete
- Wide range of approved government and semi-government entities
- Support for small and medium-sized enterprises (SMEs) by providing liquidity for issuing performance bonds to government and semi-government entities
- Flexible and fast processing of requests
Product Limits
- Maximum limit of SAR 1 million, with the possibility to finance multiple projects totaling up to SAR 20 million
Product Terms and Requirements
- The business must be at least 3 years old from the date of issuing the commercial registration
- The government or semi-government project must be listed in alinma's approved entities
- Provide a completion certificate for at least two government or semi-government projects over the last two years
- Submit a waiver letter and a confirmation of the waiver for the guarantee letter
- Complete the necessary documents and forms
- The business or its owners must have a clean credit record with "SIMAH"
Pricing and Fees
Determined based on the nature of the financing and vary according to the customer’s creditworthiness and relationship with alinma.