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Export Financing Transactions Approved by the SFD
 

 

 

    The SFD received a number of applications for financing the exports of Saudi goods in the fiscal year 2009 and has approved the financing of 17 export transactions totaling SR. 879 million in addition to increasing the amount allocated for financing two lines of credit by a total amount of SR. 86 million. The total financing applications approved by the SFD since SEP inception reached 123 applications with a value of SR. 5735 million. The SFD is also in the process of evaluating further applications. The transactions approved during this year involved goods and services exported from KSA to Sudan, Turkey, Pakistan, Egypt, Jordan, and Ethiopia. The exported goods consisted of agricultural and industrial machinery, irrigation equipment, iron structures, palm tree siblings, greenhouses, fertilizer urea, and raw materials. The approved transactions included the opening of three lines of credit with foreign banks for the financing of a variety of Saudi export transactions to Sudan and Egypt.

 

 


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