Saudi Development Fund provides credit facilities for Sudan

Oct 24, 2005 (MAKKAH) — Saudi Development Fund (SDF) approved credit facilities amounting to SR 7.875.000 (US$ 1.866.300) to finance exporting trucks and trailers made in national factories in favor of importers in Sudan.

The financing agreement was signed here today with the Saudi Company for Industrial Exports. It was signed by Deputy Chairman of SDF, Delegate Member Eng. Yossif bin Ibrahim Al-Bassam and the Executive Chairman of the Company Eng. Abdullah Al-Khonaifer.

In a statement to Saudi Press Agency (SPA), Eng. Yossif Al-Bassam stated that the Fund’s approval of these facilities came within its efforts to increase the national exports and to develop commerce between the Kingdom and the friendly and brotherly countries.

(SPA/ST)