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FINANCIAL NEWS
SDF signs a USD100.5 m deal to support exports
06 Oct 2013
(MENAFN) The Saudi Development Fund (SDF) and Samba Financial Group have made an agreement worth USD100.5 million, according to Arab News.
The deal is set to offer guarantees by the SDF to national products export.
Yousef bin Ibrahim Al-Bassam, vice president and managing director of SDF, said: “The deal will also open the way for exporters and the national product to compete in foreign markets, and strengthen cooperation of Saudi export program with the national banks.”
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