Naqad Financing

Short-term revolving financing in the form of an overdraft facility which may be utilized over the period of the financing.


Purpose:

To provide an additional working capital (e.g. to pay overhead expenses) and as standby fund for operation. The amount of financing will depend on the cash flow of the company, the timing of receipts and payments, seasonal trends in the sales and so on.


Other Details:

Generally, the maximum financing period is twelve (12) months and is renewable upon maturity subject to satisfactory performance of the account. The profit charged for the financing shall be calculated on a daily utilisation basis and the rate is subject to the Bank’s prevailing risk mitigation and pricing guidelines. Repayment shall be made by means of monthly profits payment and lump sum settlement of principal at the end of the financing tenor

Organisation

BIBD

Amount Offered (BND)

To be disclosed upon engagement

Eligibility

-

Tel

+673-2238181

Email

Website