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FINANCIAL NEWS
Saudi govt. provides USD121.1b finance for development
24 Jul 2015
(MENAFN) Saudi Arabia’s state-run lending institutions has provided SR454.4 billion finances for variegated development schemes in the Kingdom since its official inauguration last year, Arab News reported.
Such institutions are specialized in granting loans and finances for schemes that help in achieving Saudi development ambitions. Their total assets amounted to USD164 billion this year.
The figures are issued in a report released by Saudi Arabian Monetary Agency (SAMA), which also noted that these institutions total expenditure of loans reached USD15.48 billion.
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