Letter of Guarantee & Letter of Credit
In celebration of the Saudi Foundation Day, get your LGs & LCs, 100% cash-covered, with no issuance fees and for a limited time. Apply now and don’t miss the opportunity!
Valid to: February 28, 2026
About Offer
Letter of Guarantee:
Letter of Guarantee is a written commitment issued by a bank on behalf of its client (the applicant) to another party (the beneficiary), ensuring the 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 specific documents proving the shipment or 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.
- Offer starts from Feb 19th until Feb 28th
- Offer applicable on alrajhi business app and all channels.