ANNOUNCEMENT 25 Jun 2020
In June 2020, the Saudi Fund for Development (SFD) signed SAR 750 million export finance agreement with the government of Tunisia.
NUMBER OF INTERVENTIONS
SFD, (SFD) Funds a National Exports for Tunisia with a Value amount of SAR (750) Million, 25 June 2020, Available at: https://www.sfd.gov.sa/en/web/guest/sep-news/-/asset_publisher/lw8QEzkQz7zl/content/-sfd-funds-a-national-exports-for-tunisia-with-a-value-amount-of-sar-750-million?_com_liferay_asset_publisher_web_portlet_AssetPublisherPortlet_INSTANCE_lw8QEzkQz7zl_assetEntryId=58336&_com_liferay_asset_publisher_web_portlet_AssetPublisherPortlet_INSTANCE_lw8QEzkQz7zl_redirect=https%3A%2F%2Fwww.sfd.gov.sa%2Fen%2Fweb%2Fguest%2Fsep-news%3Fp_p_id%3Dcom_liferay_asset_publisher_web_portlet_AssetPublisherPortlet_INSTANCE_lw8QEzkQz7zl%26p_p_lifecycle%3D0%26p_p_state%3Dnormal%26p_p_mode%3Dview%26_com_liferay_asset_publisher_web_portlet_AssetPublisherPortlet_INSTANCE_lw8QEzkQz7zl_cur%3D0%26p_r_p_resetCur%3Dfalse%26_com_liferay_asset_publisher_web_portlet_AssetPublisherPortlet_INSTANCE_lw8QEzkQz7zl_assetEntryId%3D58336
On 25 June 2020, the Saudi Fund for Development (SFD) signed an export finance agreement with the amount of SAR 750 million (approx. USD 199.9 million) with the government of Tunisia. The agreement is funded through SFD's Saudi Export Program (SEP).
The Saudi Fund for Development (SFD) was established by Royal Decree No. M/48 of 1 September 1974. The Fund's main objectives are to: 'participate in the financing of development projects in developing countries through granting of loans to said countries and to encourage national non-crude-oil exports by providing finance and insurance in support of such exports.