Saudi Basic Industries Corporation — the largest chemicals company in the Middle East. SABIC employees are classified in the top credit tier by banks.
2,500,000
SAR max amount
5% – 8% APR
expected APR
Up to 5 years
repayment term
SABIC is a quasi-government entity partially owned by the Public Investment Fund, giving its employees high creditor confidence. Salaries are disbursed via major banks; pension and bonus programs are strong. Banks offer SABIC employees their most favorable financing terms.
Lower profit rates
5% – 8% APR
Higher limits
Up to SAR 2,500,000
Faster approval
24–48 hours
SAR 7,000 – 60,000+
Higher salaries unlock higher limits and longer terms. Diro calculates your exact limit based on your salary.
A sample of qualifying lenders. Diro shows you the full list tailored to your salary and credit profile.
Choose SABIC from the employer list — Diro shows only lenders accepting your employer.
Instantly see expected offers from 4–8 lenders with rates, max amount, and monthly installment.
Pick your best offer and continue with the lender via the platform. Funding in 24–48 hours.
SABIC (Saudi Basic Industries Corporation) is one of the world's largest petrochemical companies and has been an Aramco subsidiary since 2020. That parentage strengthened SABIC's credit profile across Saudi banks — SABIC employees now get terms within 0.25-0.5% APR of Aramco employees, on average. SABIC's headquarters is in Riyadh, with major production complexes in Jubail and Yanbu employing the bulk of its technical staff.
The standout benefit for SABIC employees is the Performance Share Plan (PSP), which adds 15-30% on top of base salary for staff at Grade 10 and above. Banks like SNB and Alinma factor PSP into the maximum-loan calculation provided the employee can document 24 months of prior PSP receipts. SABIC also runs the "Sakan SABIC" housing-assistance program — separate from the government REDF subsidy — that supplements the employee's down payment.
Practical note: SABIC employees in their first year of employment should wait 6 months before applying for any financing above SAR 500,000. The first year carries a probationary period, and banks prefer a confirmed employment contract before underwriting large amounts. After confirmation, terms improve sharply: at Grade 11+, banks routinely offer 5-year terms with rates near Aramco-employee levels.
Yes. Finance companies like Nayifat and Tasheel accept SABIC employees without salary transfer, but at slightly higher rates (8–12% vs 5–7% with transfer).
National ID, salary certificate from SABIC (last 30 days), last 3 months bank statement, and IBAN. Diro collects these digitally and forwards to all lenders in one application.
Yes. Several banks run SABIC-specific promotions in Q4 of the fiscal year and during Ramadan, with discounted rates and fee waivers. Check Diro for current offers.
All providers licensed
Completely free
Instant results
35+ providers
Apply in 2 minutes and receive offers tailored to your employer
Start Now