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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. |