Aljazira Bank, in partnership with the Cultural Fund, provides specified financing solutions for Micro, Small and Medium cultural enterprises with competitive advantages to support their expansion and growth.
Credit facilities granted from Aljazira Bank, and CDF provides a financial guarantee up to 90%
* Terms & Conditions apply
Key Features
Initiative Objectives
- The guarantee value reaches up to 15,000,000
- Motivating investors to enter cultural projects
- Supporting the projects of the Ministry of Culture and its commissions
- Supporting projects of private sector establishments that serve the activities of the Ministry of Culture and its commissions.
Targeted Sectors
- Literature
- Books and Publications
- Language and Translation
- Libraries
- Heritage
- Natural Heritage
- Archaeological and Cultural Landscapes
- Museums
- Visual Arts
- Fashion
- Culinary Arts
- Architecture and Design
- Cultural Festivals and Events
General Conditions
- Age of the facility: All new and existing
- The sectors approved by the Fund: All segments initiated, micro, small and medium segments
- Life of the funded cultural activity: All new and existing
- Nationality of the facility: Saudi and foreign (having headquarters in the Kingdom)
Purposes of Financing
- Establishing and operating the activity
- Assets (construction, leasing and purchase)
- Working capital (salaries, expenses and operating expenses)
- Deduction of logistics and supply chain invoices
Purposes of Financing
- Establishing and operating the activity
- Assets (construction, leasing and purchase)
- Working capital (salaries, expenses and operating expenses)
- Deduction of logistics and supply chain invoices
The interest rate is determined based on pricing approved by the Credit Committee as required.