Saudi Industrial Development Fund approves loans over SR 11 billion last year

Riyadh, Rabi’II 17, 1437, January 27, 2016, SPA — The Director General of Saudi Industrial Development Fund (SIDF), Abdulkarim Al-Nafie said that the Fund recorded unprecedented numbers during the past year in terms of approved loans reached about 155 loans amounting to SR 11.43 billion, an increase of 7% in numbers of loans compared to the fiscal year 1435/1436 AH with an increase in value by 94%.
Al-Nafie explained in a press statement that these figures are higher in terms of the value of loans approved by the Fund in one year since it was established in 1394 AH which came in the first year of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud’s ascension to the throne.
–SPA
15:07 LOCAL TIME 12:07 GMT