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The Bank Letter of Comfort is commonly used in Saudi Arabia when a formal guarantee is either not required or not appropriate, but some form of assurance is needed regarding a company's banking relationship and financial standing. This document is particularly relevant in international trade, project finance, and corporate transactions where Saudi Arabian companies seek to establish credibility with foreign partners or financial institutions. The Letter of Comfort must be carefully drafted to comply with Saudi Arabian banking regulations, SAMA guidelines, and Islamic finance principles, making it distinct from similar documents in other jurisdictions. While not creating legally binding obligations like a guarantee, it carries significant moral and reputational weight in the Saudi business community. The document typically includes statements about the bank's relationship with the client, the client's financial standing, and any relevant banking history, all while maintaining compliance with Shariah principles.

1. Letter Header and Date: Bank's letterhead, reference number, and date of issuance

2. Addressee Details: Full name and address of the recipient bank or financial institution

3. Subject Line: Clear identification of the subject matter and the principal company for whom the letter is being issued

4. Principal Company Introduction: Brief introduction of the principal company and its relationship with the issuing bank

5. Statement of Awareness: Confirmation of the bank's awareness of the transaction or facility being contemplated

6. Relationship Statement: Description of the banking relationship with the principal company, including duration and standing

7. Financial Standing Statement: General statement about the principal company's financial position and banking history

8. Comfort Statement: Carefully worded statement providing comfort while avoiding guarantee language

9. Limitation of Liability: Clear statement that the letter does not constitute a guarantee or legally binding commitment

10. Shariah Compliance Statement: Confirmation that the letter complies with Islamic banking principles

11. Confidentiality Statement: Statement regarding the confidential nature of the letter and its intended use

12. Signatory Block: Authorized signatory details and bank's official stamp