Bank Guarantee

Definition

We present to you the bank guarantee issued by the bank upon your request in the event that you wish to work in the field of tenders for commercial business, in which the bank pledges to pay a specific amount not exceeding the value of the bank guarantee within a specified period to the beneficiary. The bank guarantees offered by the bank include several types, including: Payment Guarantees, Bid Bond Guarantee (Tender), Performance Bond Guarantee, and Maintenance Guarantees.

Eligible Persons

• Owners of companies and projects wishing to enter bids and tenders, due to the need to obtain working capital financing.
• Entrepreneurs and pioneers in charge of SMEs, including businessmen and women, specialized professionals, and administrators.

Conditions

Subject to the terms and conditions of the bank, in addition to the general conditions that govern the work of bank guarantees.

Advantages

• The bank issues several types of bank guarantees, in order to meet your needs and preferences.
• The bank meets competitive rates for issuing bank guarantees.
• Competitive cash insurance is required, according to the degree of the customer’s risk, the guarantee risk, and the intensity and span of the relationship with the bank.
• Simple work procedures and documentation for guarantees.
• Requests to issue guarantees are approved and executed within a few days.
• Allocating the relevant product according to the required financing needs.
• Benefit from ahli bank's global network throughout the globe.

Required Documents

• Bank statement for the last year.
• Financial statements for the last two years at least.
• A recent and valid registration certificate.
• A recent and valid professions and trades license.
• Other documents required by company type.

* Subject to the Bank’s terms and conditions.