Loan Surety Agreement Template for Saudi Arabia

1. Multiple Guarantors: Additional provisions required when there is more than one guarantor, defining joint and several liability

2. Security Interest: Used when the guarantee is secured by specific assets or collateral

3. Currency Provisions: Required for cross-border transactions involving multiple currencies

4. Assignment and Transfer: Included when parties want to allow for potential transfer of rights under the guarantee

5. Sharia Board Approval: Required when the agreement needs explicit Sharia compliance certification

6. Tax Provisions: Included when tax implications need to be specifically addressed

7. Limited Recourse: Used when the guarantee is to be limited to specific assets or amounts

1. Schedule 1 - Form of Demand: Standard form for making a demand under the guarantee

2. Schedule 2 - Underlying Loan Agreement: Copy or key terms of the primary loan agreement being guaranteed

3. Schedule 3 - Guarantor's Assets: List of relevant assets of the Guarantor (if applicable)

4. Schedule 4 - Conditions Precedent: List of documents and conditions required before the guarantee becomes effective

5. Appendix A - Sharia Compliance Certificate: If required, certification from relevant Sharia board or scholar

6. Appendix B - Corporate Authorizations: Copies of relevant corporate approvals and authorizations