You can now issue Letters of Guarantee for your facility electronically through Etimad platform
Steps:
- Login to your Etmad account.
- Choose financial guarantee service.
- Request FG issuance through Alrajhi Bank.
- Alrajhi Bank would accept the request and issue the guarantee.
- Etmad will electronically link your newly issued FG with the government bidding.
*Private Sector is notified once the FG is issued with the options to view and print.
Benefits:
- Electronic management of financial guarantees.
- Automatic link between FG and government bidding.
- Automatic cancelation of FGs for losing bidders directly after the project is awarded.
To use this service click here
Terms and Conditions:
- This offer is valid on the bank guarantee issued via Etimad platform.
- The offer is valid on (100 % Cash Margin LGs) only.
- Etimad platform fees Up to a maximum of 100 SAR will be deducted from alRajhi Bank’s LG charges after the request is executed.