Saudi Fund for Development approves SAR 768.75 million to finance national exports

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<The Board of Directors of the Saudi Fund for Development (SFD) approved credit facilities to finance the export of various Saudi-made products with a total value of SAR 768.75 million to Pakistan, Bangladesh, Turkey and Mexico. <This came during a meeting of the Board of Directors of the Saudi Fund for Development at the Fund's headquarters in Riyadh recently under the chairmanship of His Excellency the Minister of Finance Dr. Ibrahim bin Abdulaziz Al-Assaf. <For his part, H.E. Yusuf Al-Bassam, Vice President and Managing Director of the Fund, praised the quality of national products that have become competitive in foreign markets, noting that since the launch of the Saudi Exports Program in 1422 AH / 2002 AD, the volume of credit facilities available from the Fund to finance and guarantee non-oil national exports has exceeded 48 billion Saudi riyals. Al-Bassam explained that the provision of these facilities comes within the framework of the continuous efforts made by the Saudi Fund for Development through the Saudi Exports Program to increase the volume of non-oil national exports and develop trade exchange between the Kingdom and brotherly and friendly countries, and called on businessmen, investors and exporters to take advantage of the program to facilitate the export process abroad.