Skip to content
International
International
Chevron Down Alt

GCC Countries

Chevron Down Blue Alt

MENA

Chevron Down Blue Alt

Asia

Chevron Down Blue Alt

Europe

Chevron Down Blue Alt

Americas

Chevron Down Blue Alt
How can we help you?
Close
Search Blue Alt
Exclamation Red Alt
'' did not bring up any results.
Close Alt
Popular searches
Activate a FAB card
Contact Center
Credit Cards
In-Branch Digital Services
Mobile Banking
Search Alt

First Abu Dhabi Bank (FAB) - Kuwait

Bred Arrow Alt

SMEs Rescue Program

SMEs Rescue Program

First Abu Dhabi P.J.S.C – Kuwait Branch is pleased to announce the SME’s Rescue Program as per the framework set by Central Bank of Kuwait based on Law no. (2) of 2021 to rescue SME’s negatively impacted by COVID-19 pandemic.

To apply to this program, all the below parameters must be applicable to the Company/Entity to be eligible for funding. Eligible enterprises are including 1) that are operating effectively prior to the COVID-19 pandemic and that are not in default to any bank as of 31/12/2019 , 2) Emerging enterprises that are not completing their first financial year at the effective date of law 2/2021 and were incorporated as per law 1/2016 concerning commercial entities .

Steps required to complete the application:

  • Fill and submit all the required forms and documents mentioned under (Forms and Supporting documents) section
  • Customer request form should be signed by Authorised Signatory
  • Send an email to customersupport.kuwait@bankfab.com, and attached all the forms and supporting documents required with PDF format (in case the attachments are too large, send the attachments in several emails)
  • Please ensure that the email body contain the following information:
    1. Company name in the subject and the body of the email
    2. Total funding requirements
    3. Purpose of the funding
    4. Contact details of the company legal officials
Terms & Conditions
  • Node Minus Alt
    Subject to the terms of the SME definition mentioned in the Executive Regulation of The National Fund for SMEs Development & Law no. (2) of 2021
    • OR
  • Node Minus Alt
    Sales (up to): KD 1,500,000
    • OR
  • Node Minus Alt
    Assets (up to): KD 500,000
    • OR
  • Node Minus Alt
    Employees (up to): 150
    • OR
  • Node Minus Alt
    Enterprise must be independent and not a subsidiary of another legal entity
    • OR

The financing is limited for the purposes defined under the law 2/2021 and its executive bylaws , and in all cases the finance shouldn’t be used for Speculation or Trading in Real Properties or Securities or for Settling outstanding liabilities towards other Banks and Financing Entities.

  • Node Minus Alt
    Memorandum of Association
    • OR
  • Node Minus Alt
    Memorandum of Amendments
    • OR
  • Node Minus Alt
    Commercial Registration
    • OR
  • Node Minus Alt
    Valid Commercial License
    • OR
  • Node Minus Alt
    Valid Owners Civil ID & Passport
    • OR
  • Node Minus Alt
    Chambers of Commerce & Industry Certificate
    • OR
  • Node Minus Alt
    Latest Audited Financials (2 years)
    • OR
  • Node Minus Alt
    If the entity is newly established and has not completed their fiscal year until the date of entry into force of law 2 of 2021, unaudited financials to be submitted for the operating period including Contracts and supporting documents
    • OR
  • Node Minus Alt
    Latest Company Prepared Financials (6 months old)
    • OR
  • Node Minus Alt
    Latest Company prepared financials for Emerging Enterprises and Entities that does not issue audited financials which including their operating results preceding to March 2021
    • OR
  • Node Minus Alt
    Statement of future projections (Anticipated monthly Cash flow covering period decided by the bank)
    • OR
  • Node Minus Alt
    Rental Agreements with proof of regular rent payments for 3-months preceding to March 2021
    • OR
  • Node Minus Alt
    Staff Salaries Record with proof or regular salary payments for 3-months preceding to March 2021
    • OR
  • Node Minus Alt
    Statement of contractual liabilities of operational expenses such as salaries, rent, etc
    • OR
  • Node Minus Alt
    National Manpower statement issued by the authority as of 31/12/2019 and required ratio as on 31/12/2021
    • OR
  • Node Minus Alt
    Signed customer delegation for the purpose of CI- net investigation
    • OR
  • Node Minus Alt
    Other Supporting Documents
    • OR

The above supporting documents are requirements; any missing documents might delay and hinder your application. All documents to be attached with the email. customersupport.kuwait@bankfab.com.

Downloadable Forms

Request letter Form

PDF

Corporate Ci-Net Form

PDF

Individual Ci-Net Form for all Partners

PDF

Personal Networth Statement

PDF

Projected Cash Flow Statement

Excel

The above forms to be downloaded, filled, signed and send as an attachment to the following email customersupport.kuwait@bankfab.com.