Saudi Development Fund signed agreement with Tunisia

Published 12 Apr 2009
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Saudi Development Fund signed agreement with Tunisia
The Saudi Development Fund has recently signed an agreement to provide credit facilities to finance the national non-oil exports to the Republic of Tunisia through opening a funding source of SR 18.75 million  to Stusid Bank.
The agreement, as reported by SPA, was signed by the Fund Director-General of Saudi Export Program of the Saudi Fund for Development, Ahmed bin Mohammed Al-Ghanam, and Ibrahim Sa'adah, Director-General of  Stusid Bank.
The Director General of Saudi Export Program of the Fund's said that the agreement came in context of the continuing efforts by the Saudi Development Fund to increase the volume of national exports and the development of non-oil trade between the Kingdom and sisterly and friendly countries, as well as an extension of good relations and cooperation between the Saudi Fund for Development and the Republic of Tunisia.
According to Al-Ghanam, the Fund has good cooperation with the Tunisian banks through a number of lines of financing adopted by the Fund for the benefit of those banks in order to financing of Saudi Exports of goods and services worth a total of more than SR 56 million.

Last Modified Date: 10/02/2013 - 4:57 PM Saudi Arabia Time


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