Corporate Auto Leasing

SMEs can get finance for vehicles, selected goods, and equipment, among other through AlYusr in easy installments.

  2. Products
  3. Corporate
  4. Corporate Auto Leasing

Education

Health

Agriculture and Livestock

Manufacturing and mining

Service

Communication and Technology

Arts and Entertainment

Catering and Food

Logistic and storing

Trading

Petrochemical

Maintenance and operation

Supplying

General Conditions:

(Tawarrouq & Murabhah with Kafalah coverage):

⦁ 3 year of operation or more.

⦁ No net loss for the last year.

⦁ Audited financial statements uploaded to Qawaem (at least one year).

⦁ Bank statement for the last 12 months.

POS:

⦁ 2 years of operation or more.

⦁ The business operates through two branches or more.

⦁ The owner age among 23 to 60 years old.

⦁ Not financed POS before.

⦁ To be linked with Geadia.

⦁ Bank statement for the last year, with annual revenues not less than 800,000 riyals for the last year.

Required Documents:

  • Official letter declare the requested finance and the purpose.
  • Company Profile.
  • Completed and signed application and Simah pledge.
  • Copy of valid Commercial Registration (Main and Branches).
  • Copy of National ID (partners & Owners).
  • VAT Certificate.
  • NETAKAT (Last Update).
  • Company article of association and partners decisions.
  • Zakat Certificate.
  • GOSI Certificate.
  • Monshaat Certificate.
  • Commercial activity license.
  • National Address (Establishment & company & owners & Partners).
  • Audited financial statements for the last three years.
  • Bank statement for 12 months.
  • In some exceptional cases, there are additional requirements.