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FINANCIAL NEWS
Bahrain, Saudi Fund sign USD670m Financing Grant Agreements
15 Jun 2015
(MENAFN) Bahrain’s Ministry of Finance signed four Financing Grant Agreements, worth USD670 million, with Saudi Fund for Development as a startup for Phase II of the USD 2.5 billion Saudi Grant, Emirates News Agency reported.
The Saudi Grant comes under the umbrella of the Gulf Development Programme, which is set to encompass variegated schemes for funding across the region.
The agreements were signed by the Minister of Finance of Bahrain and the Vice President and Board Member of Saudi Fund for Development, according to reports.
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