alrajhi Business

alrajhi Business

Brief Description:

Cash backed guarantee is a written undertaking issued by the bank against 100% cash margin or collateral amount deposited by clients, it’s payable at the firs call or demand received from the beneficiary during the guarantee validity period.

Channels to apply for LGs:

  1. Alrajhi eCorp platform
  2. Through trade operation centers - Trade Desk
  3. Business Solution Centers (BSOs) Branches
  4. For more information, Call 920004550

Benefits:

  1. Excellent Turnaround time (Issue within 90 minutes)
  2. Highly Competitive Pricing
  3. Incomparable Reach (Print LG in over 85 business solution offices apart from Riyadh, Jeddah & Khobar)
  4. Online issuance of LGs through eCorp

*Terms and Conditions apply

General Conditions:

  1. The offer is valid on (100 % Cash Margin LGs) only.
  2. Third party should be a ARB client.
  3. Fixed Tenor (NOT open ended)
  4. This offer valid till end of June 30, 2023