Deferred Payment Account
Request to open a deferred payment account with Madar so you can purchase building materials and pay later under agreed terms, subject to review and approval by our sales team.
Why Request a Deferred Payment Account with Madar?
Madar Building Materials offers deferred payment accounts for eligible business customers. These accounts help you manage cash flow by allowing you to pay invoices on agreed due dates while continuing to supply your projects without interruption.
Flexible Payment Terms
We offer extended payment schedules and due dates aligned with your project timelines and purchasing needs.
Deferred Payment Arrangements
Request a deferred payment account with clear, transparent terms that match the size and frequency of your projects.
Long-Term Partnership
Work with a trusted local partner focused on your success, backed by decades of industry expertise and a dedicated sales team.
Deferred Payment Account: Key Features
Enjoy the same pricing as our cash customers, no additional charges related to using deferred terms, and faster deliveries once your account is approved – all through a clear process handled directly by our sales team.
Cash-Equivalent Pricing
Pay the same prices as cash customers for eligible purchases. There is no interest or hidden fee added because you are using deferred payment terms.
Seamless Deliveries
Once your deferred payment account is opened, we can deliver materials according to your orders without waiting for payment on each delivery, helping your projects stay on schedule.
Extended Payment Terms
Benefit from agreed invoice due dates – for example, up to 60 days per invoice – and an overall purchase limit based on your company’s activity and financial profile.
Local Ownership & SIMAH Checks
For eligible accounts, a Saudi owner signs a promissory note, and a SIMAH bureau inquiry may be performed on the owner and company as part of our internal review, in line with applicable regulations.
How the Request Process Works
- You submit a request to open a deferred payment account using the form on this page or by contacting our team.
- Our sales team reviews your request and contacts you to understand your company, project needs, and purchasing volume.
- We collect the required documents (such as commercial registration, VAT certificate, national address, and any additional documentation requested by our sales team).
- After internal review, our team informs you of the result and, if approved, confirms your deferred payment terms and purchase limit in writing.
- You can then start purchasing on a deferred payment basis in accordance with the agreed terms and conditions.
Please note: submitting a request does not guarantee approval. All deferred payment accounts are subject to Madar’s internal policies and applicable regulations.
If your company is not eligible for a deferred payment account based on these guidelines, our team may offer alternative arrangements such as a bank letter of credit (LC) or purchasing through Buildnow.sa, each with its own terms and conditions.
You can also continue purchasing on a cash basis with Madar, where our team is committed to providing exceptional service and a seamless purchasing experience.
Need More Details?
If you have questions about our deferred payment terms, how to request opening a deferred payment account, or which option is suitable for your company, our sales team will be happy to assist you.
Get in Touch