Qatar Development Bank’s strategy focuses on supporting and encouraging the private sector to become active and strong in building a knowledge-based and diversified economy. Since its establishment, the bank has spared no effort in providing all advisory and financial services to entrepreneurs and small and medium-sized enterprises (SMEs).
(1) Direct financing service:
The bank offers attractive services for directly financing projects or companies, provided that the project is in the manufacturing, education, healthcare, services, agriculture, or livestock and fishery sectors.
Features of this service:
Financing up to 60% of the total project value.
Financing up to 80% of the value of equipment and machinery.
Profit rate not exceeding 5% at most.
The maximum repayment period is 15 years, with a grace period of 3 years.
The bank finances 100% of the value of salaries and rents for the first 6 months.
(2) Livestock Financing:
Qatar Development Bank pays special attention to the livestock sector with the aim of achieving self-sufficiency for the country and increasing food security levels. Therefore, it offers financing of up to 750,000 Qatari Riyals for each livestock farm, with a repayment period of up to 8 years.
(3) Financing agricultural wealth:
The financing includes greenhouses, irrigation equipment, and desalination stations.
The maximum financing limit is 1,000,000 Qatari Riyals for each farm, required equipment, or desalination stations.
The maximum repayment period is 10 years, with a grace period of up to one year.
Profit rate starting from 1% + insurance fees.
(4) Fishery Financing:
Qatar Development Bank provides financing services for the fisheries sector:
First: Fishing Boat Financing:
Financing up to 350,000 Qatari Riyals per boat, including the purchase of a new boat (depending on the boat’s length).
Financing of up to 250,000 Qatari Riyals for fishing equipment, engines, and refrigeration units.
The maximum repayment period is 6 years, with a maximum grace period of two months.
Profit rate starting from 1% + insurance fees.
Second: Fishing Vessel Financing:
Financing up to 250,000 Qatari Riyals for each wooden vessel (does not include the purchase of a new ship).
Financing up to 100,000 Qatari Riyals for fishing equipment.
The maximum repayment period is 5 years, with a grace period of up to 2 months.
Profit rate starting from 1% + insurance fees.
(5) Other Financing Programs:
The bank offers a range of other financing programs. such as:
_ The Dhaman Program.
_ The Investment Program.
_ Ithmaar Program.
