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.
- Documentary Credit and Documentary Collections.
- Standby Letters of Credit.
- Documentary Collections.
- Shipping Guarantees.
- Re-finance Facilities.
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 have offered the Letters of Guarantee Authenticity verification service which will allow for the verification of the letters.