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:
- Alrajhi eCorp platform
- Through trade operation centers - Trade Desk
- Business Solution Centers (BSOs) Branches
- For more information, Call 920004550
Benefits:
- Excellent Turnaround time (Issue within 90 minutes)
- Highly Competitive Pricing
- Incomparable Reach (Print LG in over 85 business solution offices apart from Riyadh, Jeddah & Khobar)
- Online issuance of LGs through eCorp
*Terms and Conditions apply
General Conditions:
- The offer is valid on (100 % Cash Margin LGs) only.
- Third party should be a ARB client.
- Fixed Tenor (NOT open ended)
- This offer valid till end of June 30, 2023