{"id":84146,"date":"2025-09-29T13:56:30","date_gmt":"2025-09-29T10:56:30","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=84146"},"modified":"2025-11-25T17:25:20","modified_gmt":"2025-11-25T17:25:20","slug":"%d8%b5%d9%86%d8%af%d9%88%d9%82-%d8%a7%d9%84%d8%aa%d9%86%d9%85%d9%8a%d8%a9-%d8%a7%d9%84%d9%88%d8%b7%d9%86%d9%8a-%d9%8a%d9%88%d9%82%d8%b9-%d8%a7%d8%aa%d9%81%d8%a7%d9%82%d9%8a%d8%a9-%d8%a8%d9%82%d9%8a","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/84146\/","title":{"rendered":"National Development Fund signs SAR 3 billion agreement to support development projects"},"content":{"rendered":"

The National Development Fund (NDF) today signed a SAR 3 billion credit facility agreement with the National Bank of Saudi Arabia (NBS) to support Development projects<\/a><\/strong> in the Kingdom and strengthening the role of its 12 affiliated development funds and banks.<\/p>\n

This agreement will enable the funds to achieve their objectives and promote Economic growth<\/a><\/strong>in addition to accelerating national transformation.<\/p>\n

\u00a0Signing a credit facility agreement<\/span><\/h4>\n

The agreement was signed at the headquarters of National Development Fund<\/a><\/strong> The National Development Fund Governor Dr. Stephen Paul Grove, Deputy Governor Khalid Sharif, and National Bank of Saudi Arabia CEO Tariq Alsadhan were in attendance.<\/p>\n

The Fund was represented by Mohamed Elias, Senior Executive Director of Treasury, while National Bank<\/a> Head of Corporate Banking Nasser Al-Freih.<\/p>\n

Supporting development projects<\/span><\/h4>\n

In a statement, the governor of the fund confirmed that the agreement comes within a series of financing agreements with commercial banks this year, bringing the total credit facilities to 13.5 billion riyals.<\/p>\n

He explained that these agreements reflect the strength of the partnership with the banking sector and are an important step in the Fund's strategy to enhance cooperation between the government and private financial sectors, support the implementation of strategic projects and achieve the Fund's objectives. Vision 2030<\/a>.<\/p>\n

The fund had previously signed four agreements with commercial banks, including Al Rajhi Bank, Arab National Bank, Riyad Bank and First Saudi Bank, with a total value of SAR 10.5 billion.<\/p>","protected":false},"excerpt":{"rendered":"

Reading time: <\/span> < 1<\/span> Minute<\/span><\/span>The National Development Fund (NDF) today signed a SAR 3 billion credit facility agreement with the National Bank of Saudi Arabia to support development projects in the Kingdom and enhance the role of its 12 affiliated development funds and banks. This agreement will enable the funds to achieve their objectives and promote economic growth, in addition to accelerating national transformation. The signing of a credit facility agreement has been ... 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