Time: December 27, 2019
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Riyadh, Saudi Arabia
|Ahmad Agil Al-Khateeb (Chairman)|
The Saudi Fund for Development (SFD) is a Saudi Arabian government agency that was established in 1974. SFD’s activities varied from development, finance, trade and funding. The fund was established to finance developing countries. The initial capital of the fund upon its establishment was SR 10 billion. Since its establishment, SFD has contributed to financing 750 projects in 71 countries. The Chairman of the SFD is Ahmad Agil F Al-Khateeb.
The main objectives of SFD are:
- Financing the development projects established in developing countries.
- Financing non-crude oil exports.
- Providing development countries with loans, technical aids and institutional support.
- “Saudi Fund for Development (SFD) | Devex”. www.devex.com. Retrieved 2019-07-30.
- “Saudi Fund for Development | arab.org”. Retrieved 2019-07-30.
- “Saudi Arabia to Give $16 million in Grants to Pakistan for Health, Education Sectors”. RS-NEWS. 2018-09-28. Retrieved 2019-07-30.
- “The Saudi Fund For Development”. Eyeofriyadh.com. Retrieved 2019-07-30.