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Saudi Fund signs agreement to finance exports to Sudan

سودانيزاونلاين.كوم
sudaneseonline.com
5/30/2005 6:44pm

RIYADH, May 30, 2005 (KUNA) -- The Saudi Fund for Development (SFD) on Monday signed an agreement to finance exports by Saudi Industrial Export Company (SIEC) to Sudan.

Signed by SFD's Vice-Chairman Yousef Al-Bassam, the agreement, for 3.75 million Saudi Riyals (SR), stipulates providing SIEC with credit facilities to export a number of Saudi manufactured trucks to Sudan.

In press statements after signing the agreement, Al-Bassam said the contract is part of SFD's ongoing efforts to support national production by financing exports.

SFD, he added, has already presented 1.5 billion SR to assist local companies

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