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FINANCIAL NEWS
SIDF to grant eleven loans of USD0Ù«29 b
21 Sep 2013
(MenaFn) The Saudi Industrial Development Fund (SIDF) plans to grant loans worth USD0Ù«29 billion for the establishment and expansion of 11 projects, according to Arab News.
SIDF Director General Ali bin Abdullah Al-Ayed said that the consumer industries sector owns the majority of the loans’ shares of about USD113Ù«3 million, while the building material sector ranked second of USD109Ù«3 million.
Mr. Al-Ayed said that six loans will go to the consumer and supportive industrial services sectors, while the engineering sector and building materials sectors will get four loans. The last loan will go to the chemical industry sector.
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