Riyadh - SPA

The Industrial Development Fund approved 136 loans worth SR 9.940 million up by 15% quantity wise and 23% value wise as compared by loans of last year 1432/1433. It the highest value of loans approved by the fund in one year since its inception in 1394. The loans are issued for 101 new factories and expansion of 35 existing factories. Moreover, the fund issued bonds worth SR 949 million in favor of small and medium size enterprises against loans from other banks.