Supply Chain Finance

Al Rajhi Bank has successfully launched a full-fledged Supply Chain Finance Solutions (SCF) for our Corporate customers. Al Rajhi Bank is the first bank in the Kingdom to offer a comprehensive SCF program with a wide range of solutions backed by a strong technological platform available to the entire value chain of customers (both upstream & downstream). This is in line with Saudi’s Vision 2030 of supporting private sector growth with variety of products and solutions.

SCF refers to facilities that are based on receivables purchase agreement with the client (Seller/Medical Provider)/(client’s suppliers or medical providers), which makes Al Rajhi Bank the sole owner of the receivables due from buyers/Insurance Corporates. The purchase will be on a structured basis that will enable Al Rajhi Bank to manage product, dispute, fraud and other risks that may result in non-payment by the Buyer. Customer assessment, receivables verification, concentration management, ledger reconciliation and control of customer payments are all key features of Supply Chain Financing products.