Documents Required for SIDF Loan Application
Below is the comprehensive list of documents required for submitting an application for industrial project funding through the Saudi Industrial Development Fund (SIDF). These are the documents that should be provided in the first stage of application:
Legal Documentation:
- Industrial License: A valid copy of the project’s industrial license.
- Commercial Registration: A valid copy of the commercial registration certificate.
- Articles of Association: A copy of the company’s Articles of Association.
Land and Property Documents:
- Land Lease Agreement or Title Deed: A valid land lease agreement if the project is on leased land, or the original title deed if the land is privately owned.
Technical and Licensing Agreements:
- Technical Agreements: Copies of any technical agreements related to the project.
- Licensing Agreements: Copies of any licensing agreements relevant to the project
Insurance Policies:
- Copies of relevant insurance policies associated with the project, clearly including SIDF-specified clauses.
Corporate Resolutions and Authorizations:
- Corporate Resolutions: Official resolutions from the company’s board authorizing the loan application.
- Powers of Attorney: Documents granting representatives the authority to manage loan application matters.
Financial Documentation:
- Statements of Personal Net Worth: Personal financial statements from owners or partners.
- Audited Financial Statements: Company’s audited financial statements for the past three years, if available.
Project Assets:
- List of Fixed Assets: A detailed list of fixed assets to be mortgaged as collateral.
Insurance and Additional Documents:
- Cost Claims and Proof of Payments: Evidence of costs incurred and payments already made for the project.
- Valid Insurance Policy: An insurance policy compliant with specific clauses set by SIDF.
- Satisfaction of Special Conditions: Proof of fulfilling any special conditions required by SIDF.
Ensuring timely preparation and submission of these documents is critical to streamlining the loan approval process.
After this step and getting the confirmation of application from your supervisor on SIDF side, you can prepare and upload your Feasibility study and related documents for project implementation.
