LGs & LCs
Your LGs & LCs, 100% cash-covered, with no issuance fees and for a limited time.
Valid to: June 18, 2026
About Offer
Letter of Guarantee:
Letter of Guarantee is a signed undertaking issued by a bank on behalf of its client (the applicant) to another party (the beneficiary), providing for payment of a specified amount if the client fails to fulfill their obligations.
Letter of Credit:
A letter of credit is issued by a bank on behalf of a buyer (the applicant), ensuring that the seller will receive the agreed payment upon presenting complying commercial and financial documents evidencing delivery of goods or services according to the LC terms and conditions.
Terms and Conditions
- Offer applicable for all clients who issuing LG or LC with 100% cash backed and a maximum tenor of one year.
- Offer starts from May 19th, until Jun 18th 2026
- Offer applicable on alrajhi business app and all channels.