Saudi Industrial Development Fund Approves 155 Loans Exceeding SR 7943 Million

Saudi Industrial Development Fund Approves 155 Loans Exceeding SR 7943 Million

Wednesday 1438/4/20 – 2017/01/18

Riyadh, Rabi’II 20, 1438, Jan 18, 2017, SPA — Saudi Industrial Development Fund (SIDF) continued financing a number of industrial projects, where the number of approved industrial loans reached (155) loans by the end of fiscal year 1437/1438 H (2016/2017 G) with a total financing amounted to SR 7943.2 million and total investment for these projects estimated at SR 17,082,9 million.
In a statement today, the SIDF Director General, Abdul-Kareem Al-Nafea attributed the continuation of financing of the industrial projects to the great support being accorded to the Fund by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud’s Government that made the industrial development in the forefront of its priorities to meet the National Transformation Program and the strategy of the Kingdom of Saudi Arabia’s Vision 2030.
–SPA
13:49 LOCAL TIME 10:49 GMT