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Make and receive secure payments

Keep your cash longer by simplifying your trade settlements. Let us handle your commercial and financial documents without tying up your line of credit so that you can get on with more important business.

  1. Allows you to negotiate credit periods
  2. Payments can be made immediately or in the future
  3. Improves cash flow
  • Export Documents
  • Import Documents

Al Rajhi Bank can remit trade documents representing the ownership of merchandise. At maturity or at sight, Al Rajhi Bank receives the funds and pays the exporter. There is no obligation for Al Rajhi Bank to pay the exporter until the full funds are received.

Features and Benefits

  • Exporters ensure that trade documents will not be given to the importer unless he pays or commits, accepting a draft.
  • Al Rajhi Bank acts as the exporter’s representative using its structure and efficiency to deal with commercial and financial documents.
  • In term of collections, the exporter receives a legally executable document (draft or promissory note) covering the rights to collect.
  • In sight collections, the exporter retains ownership of the merchandise until it is paid in full.

Transaction Mechanism

  • Al Rajhi Bank remits the documents representing the ownership of the merchandise and the collection instructions to Importer's Bank.

Al Rajhi Bank can remit trade documents representing the ownership of merchandise. At maturity or at sight, Al Rajhi Bank receives the funds and pays the exporter.

At maturity or at sight, Al Rajhi Bank remits the funds and pays the overseas bank. Al Rajhi Bank is not obliged to pay the overseas bank if the importer (Al Rajhi Bank client) has insufficient funds in his account.

Features and Benefits

  • Al Rajhi Bank’s Client (importer) will ensure that the documents are as per his requirements before payments are made to the exporter or before committing for the payment.
  • Al Rajhi Bank acts as the representative of the importer using the bank’s structure and efficiency to deal with commercial and financial documents.
  • In terms of collections, the importer (Al Rajhi Bank’s client) has the legal obligation to pay if he has accepted a draft or promissory note.

Transaction Mechanism

  • Al Rajhi Bank remits the documents representing the ownership of the merchandise and the collection instructions to its clients (importer) upon payment or acceptance of a draft or promissory note.

How to Apply

  • Am I Eligible

Here are the things that we’ll need from you…

Eligibility & Criteria

  • Small businesses, establishments, Limited liability companies (LLC) and private companies
  • Commercial account with Al Rajhi Bank

Required Documents

  • Service Agreement

FOR ENQUIRIES CALL:

920004550