The Saudi Fund for Development (SFD) has announced its approval to provide credit facilities to finance the export of various national goods and services for a total amount of $75 million in favor of a number of banks in the Republic of Turkey.

The Director General of the Saudi Exports Program of the Fund, Ahmed bin Mohammed Al-Ghannam, explained in a recent press statement that the provision of these facilities, which was signed last Tuesday in Istanbul, comes within the Fund's continuous efforts to increase the volume of Saudi exports and stimulate trade exchange between the Kingdom and brotherly and friendly countries He pointed out that since the launch of the Saudi Exports Program in 1422 AH 2002, the total credits provided by the Fund to finance and guarantee the export of various Saudi products amounted to more than (50) billion riyals, which benefited a number of Saudi exporters and businessmen, helping them to export their products to international markets.