Working Capital to Cover Operating Expenses
QDB offers this financing solution to Qatar-based companies operating in QDB priority sectors to help them cover operating expenses.
Application process
Application submission and initial review by customer relationship officer
Application assessment by internal credit unit
Providing financial support
Key features
What are the key financing terms?
- Financing covers expenses relating to salary payments for full-time or part-time employees, building rentals, staff transportation, utilities (e.g., Kahramaa and Ooredoo), franchise fees and franchise system implementation among other costs
Maximum financing
Up to 80% of the market value of underlying asset- Profit rate up to 2.5% - 5% based on the pricing model with a financing period of up 2 years including a 6-month grace period
Frequently Asked Questions
FAQs
What is the OPEX Working Capital financing program?
It is a financing solution offered by QDB to help Qatar-based companies operating in priority sectors cover operating expenses.
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What does the program cover?
Financing covers expenses relating to salary payments for full-time or part-time employees, building rentals, staff transportation, utilities (e.g., Kahramaa and Ooredoo), franchise fees and franchise system implementation among other costs
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What are the financing value and repayment period?
Financing covers up to 80% of the market value of the asset value for a period of up to 2 years including a grace period of up to 6 months.
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How is the financing calculated?
The financing will be evaluated by QDB’s client relationship department and then approved by the credit management unit
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What are the required documents?
-100% personal guarantee coverage by one or more of the Qatari sponsors or proportionate guarantees by all partners or shareholders
- Takaful insurance policy
- 100% Corporate cheques and post-dated checks according to the project’s requirements
- An administrative fee of 0.75% paid in advance to cover all technical and contract-related expenses among other administrative matters.
- Additional documents that may be required later.
- Takaful insurance policy
- 100% Corporate cheques and post-dated checks according to the project’s requirements
- An administrative fee of 0.75% paid in advance to cover all technical and contract-related expenses among other administrative matters.
- Additional documents that may be required later.
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