The Saudi Development Fund (SDF) has approved to finance a number of export operations of nonoil goods and services with a total value of more than SR 2 billion.
The decision was made in a meeting of the board of directors of the fund under its chairman Finance Minister Ibrahim Al-Assaf.
Yusuf Al-Bassam, vice president and managing director of the fund, said the volume of the Kingdom's nonoil exports reached SR 160 billion in 2012.
The fund offered credit facilities to finance national exports with a total value of SR 29 billion since the year 2000, the Saudi Press Agency reported.
Reproduced with permission from Arab News