Now, you can request issuing or amending the letter of credit and letter of guarantees with no fees and charges through AlahlieTrade (for a limited period).
Terms and Conditions Apply*
Now you can issue your letter of guarantee with 100% cash margin with no fees and charges through AlahlieCorp (for a limited period). Terms and Conditions Apply*
Terms and Conditions:
Scope of Temporary Waiver:
- Temporary Waiver would apply on all fees relating to requests of issuance and amendment of letter of credit and letter of guarantee, which are submitted through AlahlieTrade and AlahlieCorp only “Requests
- All clients of the National Commercial Bank “NCB” can benefit from this Temporary Waiver.
Duration of Temporary Waiver:
- Temporary Waiver would apply on all Requests received between 29 March 2020 and 30 September 2020.
- In case the validity of any Letter of Credit or Letter of Guarantee issued or amended during the Temporary Waiver, exceeded 30 September 2020, fees would apply on such exceeding period on a daily bases according to the tariff announced by the National Commercial Bank.
Third party’s fees and charges would continue applied that including but not limited to (courier charges and swift charges)
These Terms and Conditions are subject to be amended in the future according to NCB’s policies and/or SAMA’ regulations.
* Applicable VAT charges would continue applied on the collected fees.