Saudi Industrial Development Fund Provides SR 9,940 Million ...| MENAFN.COM

Friday, 12 August 2022 08:24 GMT

Saudi Industrial Development Fund Provides SR 9,940 Million Loans


(MENAFN- Saudi Press Agency)  - Saudi Industrial Development Fund provided 136 loans worth SR 9,940 million during the fiscal year 1433/1434 AH. According to Saudi Press Agency (SPA), the Fund said in a report issued today that the number of loans increased by 15% in comparison to the previous fiscal year 1432/1433 AH, noting that this is the highest value of loans approved by the Fund in one year since its inception in 1394 AH. The report showed that the Fund disbursed in the fiscal year 1433/1434 AH an amount of SR 6,058 million and borrowers repaid SR 4,310 million.


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