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Last Modified 23 March 2025

Horizon Laon

An electronic service for applying to the "Horizon Laon" product, a digital financing solution specifically designed for established businesses in Saudi Arabia. This product targets companies with a proven track record of at least three years and annual sales ranging from 3 million to 40 million ♦ "Horizon Laon" aims to support the growth of these businesses and empower them to achieve greater economic success-all without the need to visit the bank’s branches.

Service level agreement

Product video with sign language

Submit a trademark approval request on the bank’s portal

Approved brands

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Financing starts from 300,000 ♦ and reaches 10 million ♦ .
Financing period up to 60 months
Grace period of up to 12 months
Payment method: monthly, quarterly, semi-annually, annually, at the end of the period.
Administrative fees are 5%, with the possibility of deducting fees from the original financing
Annual service fee is 5%

The facility is at least 3 years old
Its revenues should not be less than 3 million ♦ and not exceed 40 million ♦
The integrity of the credit record of the company and the owner from any defaults
Guarantees: Fines and Solidarity Guarantee / Real Estate Guarantee

Commercial Register
The Memorandum of Association and its annexes if the legal entity is a “company”
Photos of the owner’s ID
Auditted budgets for the last three years
Tax return for the last year (optional)
Additional documents are requested based on the status of the client's request

Apply

Target:

Enterprises whose revenues exceed 3 million ♦ to 40 million ♦ .

Beneficiaries:

New

Fees:

Administrative fee 5%
Annual service fee 5%

Payment Channels

SADAD Service

Availability:

24/7

SLA:

53 working days

Channels:

Language:

Arabic

User's Guide:

Horizon Laon User manual

Non-funded activities

Service start date

2016

FAQs

Click Here

Customer Service:

Phone
920008002
Email
care@sdb.gov.sa

Internal strategic engagement

Financing the “Ofoq” product intersects with one of the bank’s strategic objectives: Facilitating and providing financing and products to small and emerging enterprises

International strategic engagement

Ofoq financing intersects with Goal 9 of the United Nations Sustainable Development Goals. It can be viewed here here

Product features

Financing ceiling

Starting from 300,000 ♦ up to 10 million ♦

Financing period

Up to 60 months

Payment method

Monthly, quarterly, semi-annually, annually, end of period

Administrative fees

Administrative fees 5% (fees can be deducted from the original financing) Annual service fee 5%

The grace period

12 Months

Customer journey

Apply

Eligibility check

Processing

Exchange

Do you have any questions?

If you have any questions about Ofoq finance, please see the questions:

FAQs Connect Us

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