A letter of guarantee is an irrevocable commitment from Alinma Bank on behalf of the bank's client,
issued in favor of the beneficiary. Through this letter, Alinma Bank pledges to pay the value of claims that the beneficiary may request during the validity period of the guarantee, in accordance with its terms and conditions.
Default or the inability of the client to meet obligations at the local or international level poses a risk that should be avoided. Alinma Bank offers you the opportunity to protect your company from financial losses through a letter of guarantee. We issue all types of letters of guarantee and provide consultations regarding them, ensuring that all letters issued by the bank comply with international standards and local regulatory and supervisory regulations.
Terms and Conditions:
- Issuing 100% cash-covered Letters of Guarantee through the Alinma Business Platform is free of charge.
- The offer is valid from November 6 to December 31, 2025.
- The offer applies to users of the Alinma Business Platform when issuing Letters of Guarantee (Initial, Final, and Advance Payment) using the standard wording approved by the Saudi Central Bank, with a 100% cash margin.
Purposes of Use:
- Guaranteeing the client's entry into tenders, sales contracts, and bids.
- Guaranteeing customs duties, value-added tax, and zakat.
- Facilitating the tracking of outstanding amounts and payment orders.
- Ensuring compliance with contracts made with all parties according to the terms of the guarantee.
To Submit a Guarantee Application Online
To fill out the Guarantee Opening Request Form
To submit a Guarantee Opening Request via the Etimad Platform