Trade Finance Services
With SAIB’s services in Trade Finance, Saudi companies can obtain Import and Export financing assistance to help them expand their business. We aim to help your business minimize the risk of local and international trade and advance further in a highly competitive market.
Our Trade Services Unit is centralized in Riyadh and provides its services to all regions within the Kingdom. Customers may submit their applications and take delivery of documents through any of our branches in the Kingdom. We employ specialized staff and are equipped with sophisticated systems designed to handle both domestic and international trade related transactions. We guarantee a faster, smoother and safer business with our trade finance services.
Import Finance
- Documentary Credit
- Documentary Collections.
- Standby Letter of Credit
- Shipping Guarantees.
- Re-finance Facilities.
Export Finance
We provide a range of services, from initial status enquiries to transactions and acceptance discounting, to support your plans.
We work with the Saudi Fund for Development (SFD) to help mitigate the risk of countries and foreign banks where Saudi exporters require assistance.
Guarantees and Bonding
To complement your contract finance requirments, we issue a full range of guarantees including Bid Bond, Performance, Payment, Advance Payment, Retention, Warranty and Customs.
Additionally we offer Letters of Guarantee Authenticity verification online service which allows verification of issued LGs by the bank.
- Letter of Guarantee Application
- Issuance/verification of LG
- Authentication of LG
