Bank Guarantees (Kafalah)

A contract is made between the Bank and you, the client where the Bank agrees to discharge the liability of a third party in the case of default by the client. As a surety, the third party will give the Bank some form of collateral and pay a fee for the service.

Documentation required:

  • Latest 6 months certified Bank statements
  • Application letter on Company letter head or duly
  • Executed application form
  • Company profile
  • Three years recent Audited accounts
  • One month recent Management accounts
  • National ID cards of Directors
  • Certificate of registration/ incorporation
  • PIN certificates of Directors
  • Three years latest Audited accounts
  • Cash-flow Projections
  • Details/copies of security proposed
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