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It gives me great pleasure to
present the Annual Report of the Saudi Fund for Development (SFD) for the fiscal
year 2009. The report includes the SFD activities in supprting the developmental
efforts in the developing countries in order to achieve their targets with
regard to eco¬nomic and social development and raise the standard of the living
of their citizens.
Throughout this fiscal year, the SFD completed the
required procedures to finance 21 development projects in 19 developing
countries across a number of vital sectors, for an amount totaling more than SR.
1984 million. This brings the cumulative development contributions of the SFD,
since its establishment in 1975 until the end of 2009, to SR. 30861 million. The
extended contributions covered the financing of 451 development projects and
economic programs in 75 developing countries all over the world.
The SFD also played an integral role in enhancing
Saudi relations with other countries through the Saudi Exports Program (SEP).
Throughout 2009, 17 export transactions of national non-crude-oil goods were
funded, with a total of SR. 965 million. Hence, the number of applications
approved, from the launch of the program until the end of the current fiscal
year 2009, was 123, totaling SR. 5735 million. The Fund has issued 49 export
guarantees worth of SR. 3 billion.
The Fund shall strive to support its efforts to
continue its assigned missions, guided by the directives of the government of
the Custodian of the Two Holy Mosques.
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Ibrahim Abdulaziz AL-Assaf
Minister of Finance
Chairman of the Board of Directors |
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