Reducing the risk of nonpayment
The danger of failure or unwillingness of one or more partners to fulfill their obligations on a local or international level is a risk that no company should take. Let us ensure that your company is protected from financial losses with a Letter of Guarantee.
- Reduce financial risks
- Globally accepted
- Guaranteed payment
Letters of Guarantee can be in the form of Bank Guarantees, Performance Bonds, Bid Bonds, Shipping Guarantees or Standby Letter of Credit.
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
- Service Agreement
Letter of Guarantee
How long does it take to process Letter of Guarantee?We can process your letter of Guarantee within 24 hours upon receipt of a complete application, subject to the availability of your credit facility.
Can I issue in a special text other than the bank-approved texts?Yes, we can issue letters of guarantees in special text but it is subject to shariah, legal and risk approvals.
How do I cancel shipping Guarantee?Please return the original Shipping Guarantee to Al Rajhi Bank for cancellation.