Companies importing goods from global markets — a critical sector needing advanced financing to manage long import cycles (payment before receipt, shipping, customs, storage, sale).
20,000,000
SAR max amount
300,000 شهرياً
min revenue
7-20 days
funding speed
Import companies dealing with reliable international suppliers and importing standard goods (electronics, food, equipment) access diverse financing. Letters of Credit from major Saudi banks (Al Rajhi, SNB, Riyad Bank) are the core tool for secure imports. Goods serve as collateral upon arrival.
Operation history
12 months + stable supplier relationships
Minimum revenue
300,000 شهرياً
Maximum financing
20,000,000 SAR
Funding speed
7-20 days
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Saudi Arabia's importer sector is a core economic link — the kingdom imports SAR 200+ billion in goods annually, spanning electronics, cars, food, clothing, building materials, and industrial equipment. Major import companies (Al-Tamimi, Abdullah Al-Othaim, Al-Shaya) deal with global suppliers through complex financing mechanisms — letters of credit, documentary collection, pre-export financing.
Specialized financing options: SNB and Al Rajhi offer full international trade services — LC issuance, LC discounting, pre-import financing. Lendo and Raqamyah offer operating financing for importers based on the import cycle. Supply-chain financing is available for large importers through Saudi Investment Bank.
Key notes: importers registered in the "Fasah" customs portal get faster clearance, reducing financing cost by shortening storage time. Importers with trusted suppliers (long-term trade partners) qualify for LCs without full cash-margin collateral. Imports from China, India, Turkey, and Germany have dedicated financing products. Foreign-currency financing (USD, EUR) is available from major banks to reduce currency-fluctuation risk. With the "Saudi Made" focus on local manufacturing, some importers are investing in local production to access industrial financing instead — a strategic pivot accelerating since 2023's localization mandates.
Your Saudi bank issues an L/C in favor of the foreign supplier, guaranteeing payment when the supplier sends agreed documents (invoice, bill of lading, certificate of origin). You pay the bank upon receiving goods. It protects both parties: you don't pay before shipment, and the supplier is guaranteed payment after shipment.
Typically 0.5% to 2% of L/C value annually, depending on L/C duration, foreign-bank rating, and your credit rating. Large companies with long bank relationships get lower fees. This is in addition to any short-term cash financing you need.
Yes, via direct trade financing (especially for smaller amounts). Get a loan from the lender, pay the supplier via wire transfer, and repay when goods are sold. Platforms like Lendo offer this for mid-size companies faster than major-bank L/Cs.
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