The Fund offers financial solutions to enterprises, associations, and institutions working in the 16 cultural sectors or its supporting services, as well as technology development or projects related to the infrastructure of these sectors. The Fund also offers non-financial solutions to entrepreneurs and individuals.
The Fund's programs vary between financial ones, such as financing, incentives, Investments, and guarantees, and non-financial ones, such as vouchers and consultations.
You can apply through the program page of your interest on the Fund's official website.
The response time for applicants varies depending on the specific program. You can find detailed information regarding response times on the program's page.
The Fund offers non-financial programs to help individuals start and manage their projects and companies successfully and sustainably. For more information about specific programs of interest, visit the program's page on our website.
The Fund provides beneficiaries with different financing solutions. Visit the program page of your interest on the Fund's official website for specific information
Yes, provided they have a permanent office within the Kingdom, hold the required licenses, and their project serves the strategic cultural orientations in the Kingdom.
Yes, the Fund provides support for cultural projects, whether for expansion or establishment purposes.
The duration varies depending on the program. For current programs, it can extend up to five years.
Yes, as long as the allowable lending ratio is not exceeded.
The Fund' financing solutions are provided in partnership with financial institutions, according to each program.
The maximum limit varies depending on the product or financing program, the funded project, and the applicant's financial capacity. The maximum limit reaches 10 million Saudi Riyals, with exceptions considered based on justification.
Interest rates and repayment periods are subject to the policies and risk assessments of our financing partners. Through guarantees of up to 90% and strategic partnerships, the Fund endeavors to mitigate risks, minimize interest rates, and streamline financing policies for our beneficiaries.
Applications undergo an initial evaluation to verify the validity of the applicant's documents and their alignment with the cultural sectors supported by the Fund. Subsequently, their financial suitability is assessed based on the specific funding program and financial partner involved.
The Fund may request financial statements if needed to verify the accuracy of the financial data provided. However, they are not a requirement for acceptance.
Upon approval of a funding application, an implementation plan is formulated. This plan delineates the disbursement mechanism for financing based on the required supporting documentation. Payments are disbursed upon receipt of the necessary documents for each financing stage.
The Fund endeavors to ensure the success of all beneficiary project. However, the Fund reserves the right to cancel any agreement and suspend it if the beneficiary breaches contract terms.
The Fund finances all projects working in the sixteen cultural sectors, or in their support services, or the development of technology or projects related to the infrastructure they serve.
The Fund reserves the right to request the necessary financial guarantees based on the beneficiary's credit assessment, as our financing partners require.
