Loan and Credit Facilities Services
Loans and credit facilities are extended to the Company’s clients either directly or through participation in syndicated financing arrangements. The department also supports inter-Arab trade, as well as trade between Arab countries and their non-Arab partners.
Our financing facilities include the following services:
- Opening, advising, confirming, and refinancing letters of credit
- Discounting commercial papers directly or through syndicated participation
- Issuance of guarantees, including shipping guarantees
- Financing exports for both private and public sector entities
- Pre-export financing solutions
- Purchasing forfaiting papers on fixed or floating interest rate terms
These facilities are offered to customers—including corporates, financial institutions, and government-owned entities—to address their financing needs based on sound financial and economic principles.
They primarily target the following categories of clients:
- Organizations requiring working capital to support their operations.
- Arab and international contractors needing support to fulfill project demands in Arab countries.
- Public and private sector clients seeking funding for new initiatives or the expansion of existing projects across various economic sectors.
- Corporate entities aiming to finance their business operations.
- Facilitating syndicated financing arrangements for financial institutions.
Recognizing the increasing importance of inter-Arab trade in advancing Arab economic integration, S.B.I. became a participant in the Arab Trade Financing Program (ATFP), an initiative by the Arab Monetary Fund. The Offshore Banking Unit (OBU) is now designated as a National Agency by the ATFP.