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Bid Bond

In celebration of the Saudi National Day, you can fund your Bid Bond with 50% cash cover with no issuance fees for a limited time.

Valid to: October 31, 2026

About Offer

In celebration of the Saudi National Day, you can fund your Bid Bond with 50% cash cover with no issuance fees for a limited time.

Bid Bond:
A commitment issued by the bank in favor of a specific party (usually the entity requesting the tender or project) at the client’s request, in which the bank guarantees the client’s obligation to participate in the tender and execute the project if awarded. In case the client fails to fulfill their obligations, the beneficiary has the right to claim the guarantee amount from the bank.

Apply now and don’t miss this opportunity!

Terms and Conditions

  • Beneficiary of bid bonds has to be a government and semi-government entities for this program.
  • Only SAMA approved text is allowed.
  • Per client exposure must not exceed SAR 3 Million (SAR 1.5 million clean) and the tenor must not exceed 180 days.
  • The applicant must submit a duly signed Promissory Note (for the value of exposure) (and PN signed by owner for MSME and Enterprise Mass clients).
  • For first time applicants, a master agreement would need to be signed by the authorized signatories without value. For subsequent guarantees, this agreement would suffice.
  • Client must have a minimum of 3 years in operation as per CR. If not met, then cash margin will increase to 75% (instead of 50%).
  • Previous six months account pay-ins (does not include finance repayment or reversals) to be equal to or higher than the guarantee(s) exposure, Otherwise, cash margin to be increased to 75% instead of 50%.
  • Offer applicable for all clients who issuing bid bond with a 50% cash cover.
  • Offer starts from 1st Sep, until 31st Oct 2026
  • Offer applicable on alrajhi business app and all channels.