The Facilities Agreement is a fundamental document used in Saudi Arabian financing transactions to establish and govern credit arrangements between financial institutions and borrowers. It must be structured to comply with both Saudi Arabian law and Islamic (Shariah) principles, typically utilizing Islamic financing structures such as Murabaha, Ijara, or Wakala. The agreement covers essential elements including facility terms, profit calculations, security arrangements, representations, covenants, and events of default. It's particularly important in corporate financing, project finance, and general commercial lending scenarios where traditional interest-based lending is not permissible. The document needs to address specific Saudi Arabian regulatory requirements, including Saudi Arabian Monetary Authority (SAMA) regulations and the Banking Control Law, while ensuring enforceability under local courts and dispute resolution mechanisms.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the finance parties and the obligors
2. Background: Context of the facility and key commercial terms
3. Definitions and Interpretation: Defined terms, interpretation principles, and Shariah compliance declarations
4. The Facilities: Details of the facility types, purposes, and availability
5. Conditions Precedent: Documentation and conditions required before utilization
6. Utilization: Process and requirements for drawing down the facilities
7. Profit Rate and Fees: Profit rate calculations, fees, and payment provisions (structured to be Shariah-compliant)
8. Payment Mechanics: Payment procedures, currencies, and set-off provisions
9. Islamic Structure: Specific Islamic finance structure being used (e.g., Murabaha, Ijara)
10. Representations and Warranties: Standard and transaction-specific representations
11. Information Undertakings: Reporting and information obligations
12. General Undertakings: Positive and negative covenants
13. Financial Covenants: Financial maintenance and testing requirements
14. Events of Default: Default triggers and consequences
15. Changes to Parties: Transfer and assignment provisions
16. Administration: Administrative and mechanical provisions
17. Governing Law and Enforcement: Saudi law as governing law and enforcement provisions
1. Security: Include when the facility is secured, detailing security package and enforcement
2. Guarantee: Include when there are guarantors providing guarantees
3. Agency Provisions: Include for syndicated facilities with an agent bank
4. Investment Agency Provisions: Include when using Wakala structure
5. Commodity Murabaha Provisions: Include when using Commodity Murabaha structure
6. Ijara Provisions: Include when using Ijara structure
7. Intercreditor Provisions: Include when multiple creditor classes exist
8. Account Bank Provisions: Include when specific account management is required
9. Purchase Undertaking: Include in Islamic structures requiring purchase undertakings
10. Service Agency Provisions: Include when assets require management under Islamic structures
1. Conditions Precedent: Detailed list of required documents and conditions
2. Form of Utilization Request: Standard form for drawing requests
3. Form of Transfer Certificate: Template for transfers between lenders
4. Form of Compliance Certificate: Template for periodic compliance reporting
5. Security Documents: Forms of security documents and perfection requirements
6. Islamic Transaction Documents: Forms of Islamic structure documents (e.g., Murabaha contracts)
7. Profit Rate Calculations: Detailed profit rate calculation methodologies
8. Form of Accession Deed: Template for new parties joining the agreement
9. Financial Covenants Calculations: Detailed financial covenant calculation methodologies
10. Contact Details: Administrative and notice details for all parties
11. Existing Security: Details of any existing security arrangements
12. Form of Shariah Compliance Certificate: Template for periodic Shariah compliance confirmation
Relevant legal definitions
Clauses
Relevant Industries
Banking & Financial Services
Real Estate & Construction
Manufacturing & Industrial
Energy & Resources
Healthcare
Technology
Telecommunications
Transportation & Logistics
Retail & Consumer Goods
Infrastructure
Agriculture
Hospitality & Tourism
Relevant Teams
Legal
Finance
Treasury
Compliance
Risk Management
Corporate Banking
Islamic Banking
Credit
Documentation
Operations
Business Development
Project Finance
Relevant Roles
Chief Financial Officer
Finance Director
Treasury Manager
Legal Counsel
Corporate Lawyer
Compliance Officer
Risk Manager
Relationship Manager
Credit Officer
Investment Manager
Islamic Finance Specialist
Shariah Compliance Officer
Finance Manager
Corporate Banking Officer
Project Finance Manager
Transaction Manager
Documentation Manager
Find the exact document you need
Selling Real Estate Contract
A Saudi Arabian real estate sales contract template compliant with local laws and Sharia principles, facilitating property transfers and ensuring regulatory compliance.
find out more
Wholesaling Real Estate Contract
A Saudi Arabia-compliant wholesale real estate contract governing bulk property transactions under local law and Shariah principles.
find out more
Non Binding Agreement
A non-binding agreement template for use under Saudi Arabian jurisdiction, combining Sharia law principles with modern commercial practices to document parties' intentions without creating legal obligations.
find out more
Non Compete Form
A Saudi Arabian legal document restricting post-employment competitive activities, governed by Saudi Labor Law and Sharia principles.
find out more
Agreement For Job Work
A Saudi Arabian law-governed agreement between client and contractor defining terms and conditions for specific job work or project-based services.
find out more
Non Disclosure Form
Saudi Arabia-compliant Non-Disclosure Agreement template for protecting confidential information exchange under Saudi law and Shariah principles.
find out more
Videography Contract
A Saudi Arabian law-governed agreement for professional videography services, ensuring compliance with local regulations while defining service terms and deliverables.
find out more
Subscription Agreement
A Saudi law-governed agreement establishing terms for subscription-based services, compliant with local regulations and Shariah principles.
find out more
Production Contract
A Saudi Arabian law-governed agreement establishing terms and conditions for manufacturing or production activities, ensuring compliance with local regulations and Sharia principles.
find out more
Novation Agreement (Real Estate)
A Saudi Arabian law-governed agreement transferring real estate contract rights and obligations from one party to another, ensuring compliance with Shariah principles and local property regulations.
find out more
Option Contract (Real Estate)
A Sharia-compliant agreement under Saudi Arabian law granting the right to purchase specified real estate at predetermined terms within an agreed timeframe.
find out more
Labor Contract
A Saudi Arabian employment agreement that establishes terms and conditions of employment while ensuring compliance with Saudi Labor Law and regulations.
find out more
Franchise Agreement
A Saudi Arabian law-governed agreement establishing a franchise relationship, granting business operational rights while ensuring compliance with local regulations and Sharia principles.
find out more
Common Agreement
A general-purpose legal agreement template compliant with Saudi Arabian law and Sharia principles, suitable for establishing business relationships in Saudi Arabia.
find out more
Barter Agreement
A Saudi Arabian law-governed agreement facilitating the direct exchange of goods/services between parties, structured to comply with both Sharia and commercial law requirements.
find out more
Unregistered Sale Agreement With Possession
A Saudi Arabian agreement facilitating property sale and possession transfer without immediate registration, compliant with local law and Sharia principles.
find out more
Master Contract
A Saudi law-governed framework agreement establishing terms for ongoing business relationships, compliant with Shariah principles and local regulations.
find out more
Notarial Contract
A legally authenticated contract under Saudi Arabian law, officially verified and certified by a licensed notary public, providing enhanced legal security and evidential value.
find out more
House Rent Agreement Form
A Saudi Arabian residential lease agreement that establishes rental terms between landlord and tenant, compliant with local laws and Ejar system requirements.
find out more
Partnership Agreement Form
A Saudi Arabian law-governed agreement establishing and regulating a business partnership, ensuring compliance with local regulations and Sharia principles.
find out more
Landscape Contract
A Saudi Arabian law-governed contract for landscape construction and maintenance services, including works specifications and environmental compliance requirements.
find out more
Guarantee Contract
A Saudi Arabian law-governed contract where a guarantor assumes responsibility for another party's obligations to a beneficiary, structured in compliance with Sharia principles and local commercial laws.
find out more
Tenancy Agreement Form
A Saudi Arabian lease agreement template that establishes property rental terms between landlord and tenant, compliant with Saudi Tenancy Law and Sharia principles.
find out more
Simple Rental Agreement Form
A Saudi Arabia-compliant rental agreement template for residential and commercial properties, incorporating local legal requirements and Shariah principles.
find out more
Money Agreement Between Two Parties
A Sharia-compliant money agreement under Saudi Arabian law establishing financial arrangements between two parties with specific terms and conditions.
find out more
Side Agreement
A supplementary agreement under Saudi Arabian law that modifies or adds to the terms of a primary agreement while ensuring Shariah compliance.
find out more
Novation Contract
A Saudi Arabian law-governed agreement transferring contractual rights and obligations from one party to another, with consent of all parties involved.
find out more
Mutual Agreement Between Two Parties
A bilateral agreement template compliant with Saudi Arabian law and Sharia principles, establishing mutual rights and obligations between two contracting parties.
find out more
Contract For Selling A Car
A Saudi Arabian law-compliant agreement for the sale and transfer of vehicle ownership, incorporating local regulatory requirements and Sharia principles.
find out more
Business Transfer Agreement
A Saudi law-governed agreement for transferring business ownership, including assets, liabilities, and operational elements from one entity to another.
find out more
Tooling Agreement
A Saudi Arabian law-governed agreement establishing terms for industrial tooling supply, ownership, and usage, compliant with local commercial and Sharia law requirements.
find out more
Representation Agreement
A Saudi law-governed agreement establishing the terms and conditions for commercial representation between a principal company and its Saudi representative.
find out more
Notary Rent Agreement
A notarized rental agreement compliant with Saudi Arabian law and Ejar system requirements, establishing terms for property lease.
find out more
Non Compete Agreement Between Companies
A Saudi Arabian law-compliant agreement restricting competitive activities between companies within specified parameters and timeframes.
find out more
Land Agreement Between Two Parties
A Saudi Arabian land agreement document that formalizes property rights transfer between two parties, compliant with Sharia law and local regulations.
find out more
Buyer Agency Agreement
A Saudi Arabian law-governed agreement establishing the relationship between a property buyer and their real estate agent, outlining services, obligations, and compensation terms.
find out more
Commercial Lease Form
A Saudi Arabian commercial lease agreement template that establishes terms for leasing business properties, compliant with local laws and Shariah principles.
find out more
Vending Machine Contract
A Saudi Arabia-governed agreement for vending machine installation and operation, compliant with local commercial law and Sharia principles.
find out more
Contra Agreement
A Saudi Arabian law-governed agreement facilitating the exchange of goods/services between parties without primary monetary consideration, compliant with Sharia and local commercial regulations.
find out more
Catering Contract
A Saudi Arabian law-governed agreement establishing terms for catering services provision, incorporating local regulatory requirements and Halal compliance.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)