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FINANCIAL NEWS
Saudi loans USD25.5m to Bosnian road project
10 Apr 2011
(MENAFN) The Saudi Fund for Development’s vice chairman and managing director, Yousef bin Ibrahim Al-Bassam, said that the fund made a loan amounting to USD25.5 million to Bosnia to be used in developing a new road in the center of the country, reported Arab News.
This is one of two contracts signed with Bosnia in a business forum that took place this month in the Kingdom.
Al-Shiddi Group director, Sulaiman Al-Shiddi, said he signed a contract for forming a USD5 million joint venture with Bsonic Energoinvest, a company that specializes in engineering.
It is worth noting that the new deals are a result of Saudis forming a company last year aiming at defining prospective projects in Bosnia for Saudi investors.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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