Administrative fee not exceeding 1% of the amount of funding or SAR 5,000, whichever is less.

To apply for Retirees Personal Finance, applicant must meet the following criteria: 

• Be a Saudi Citizen 

• Be at least 38 years of age. Maximum age of 65 (at maturity of the finance ).

• Complete Personal Finance application form 

• Copy of a valid National ID card 

• A bank account statement of the last 3 months showing the last 3 salaries stamped by the other bank* 

• A valid release letter from the previous bank where issue date of the transfer letter is aligned with the validity of the release letter 

• If you worked in the public sector: an introduction letter from Public Pension Agency that includes pension income for employees** 

• If you worked in the private sector: an introduction letter from the General Organization for Social Insurance that includes pension income for employees

• Salary assignment / transfer letter to SAIB that includes salary account number and date of salary transfer 

• If the pension salary is not transferred to SAIB 

• The Letter must include PPA or GOSI’s logo, be duly stamped and signed, and indicating the names of the signatories

To apply for Retirees Personal Finance, applicant must meet the following criteria: 

• Be a Saudi Citizen 

• Be at least 38 years of age. Maximum age of 65 (at maturity of the finance ).