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Rule · SAMA · 2 Aug 2023

Financing Product for Private Dental Healthcare Facilities

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The Saudi Central Bank directs all domestic banks and financial institutions to offer specialized financing products for recent Saudi graduates establishing private dental clinics. This circular mandates that product eligibility criteria align with the operational nature of these facilities and highlights the Kafalah Guarantee Program's readiness to provide necessary collateral support. Financial institutions are instructed to coordinate with program specialists via email to facilitate guarantee arrangements for approved financing applications.

Saudi ArabiaSaudi Central Bank

Saudi Central Bank

Reference No.: 45003680
Date: 16-01-1445
Attachments: None

Circular

To the Esteemed,
Peace, mercy, and blessings of God be upon you,

Subject: Financing Product for Private Dental Healthcare Facilities.

In continuation of the Saudi Central Bank Circular No. (59878/67) dated 07/10/1440H, issued pursuant to the Noble Royal Order No. (58005) dated 01/12/1437H, which encourages banks and financial institutions to offer financing products to support Saudi dentists in establishing their private facilities, meeting their needs and aligning with their scientific specialties.

The Saudi Central Bank encourages all banks and financial institutions to offer specialized financing products for the establishment of dental clinics by recent Saudi graduates, ensuring that the requirements for obtaining this product align with the nature of these facilities. Please note that the Kafalah Guarantee Program is ready to provide the necessary support regarding required guarantees when financing this category, and inquiries can be directed to program specialists via email: (BD@kafalah.gov.sa).

Yours sincerely,

Yazeed bin Ahmed Al-Sheikh
Deputy Governor for Supervision

Distribution Scope:

  • Banks and financial institutions operating in the Kingdom.

P.O. Box 2992, Riyadh 11169, Kingdom of Saudi Arabia | Phone: +966 11 4633000

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RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.

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The links and the sentences they come from (1)
Issued under
  • Noble Royal Order No. 58005 dated 2016-08-12Not in RegAlert

    “issued pursuant to the Noble Royal Order No. (58005) dated 01/12/1437H”

Mentions (1): 1 document this one mentions without changing it
Refers to

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Source: Saudi Central Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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