ANNOUNCEMENT 29 Mar 2019

In March 2019, the Saudi Fund for Development (SFD) signed SAR 121.5 million export finance agreement with the government of Pakistan. 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Saudi Fund for Development, nullالصندوق السعودي للتنمية يموّل صادرات وطنية لصالح حكومة باكستان بقيمة (12150) مليون ريال سعودي
29 March 2019, Available at: https://www.sfd.gov.sa/ar/web/guest/sep-news/-/asset_publisher/lw8QEzkQz7zl/content/-sfd-funds-national-exports-for-the-government-of-pakistan-with-a-amount-of-sar-12150-million

Inception date: 29 Mar 2019 | Removal date: open ended

Trade finance

On 29 March 2019, the Saudi Fund for Development signed an export financing agreement with the value of SAR 121.5 million (approx. USD 32.3 million) with the government of Pakistan. 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.

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