The Saudi Fund for Development (SFD)

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Time: December 27, 2019

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The Saudi Fund for Development (SFD)
Headquarters

Riyadh, Saudi Arabia

Key people
Ahmad Agil Al-Khateeb (Chairman)

The Saudi Fund for Development (SFD) is a Saudi Arabian government agency that was established in 1974.[1] SFD’s activities varied from development, finance, trade and funding.[2] The fund was established to finance developing countries. The initial capital of the fund upon its establishment was SR 10 billion.[1] Since its establishment, SFD has contributed to financing 750 projects in 71 countries.[2] The Chairman of the SFD is Ahmad Agil F Al-Khateeb.[3]

Objectives[edit]

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.[4]

References[edit]

  1. Jump up to:a b “Saudi Fund for Development (SFD) | Devex”www.devex.com. Retrieved 2019-07-30.
  2. Jump up to:a b “Saudi Fund for Development | arab.org”. Retrieved 2019-07-30.
  3. ^ “Saudi Arabia to Give $16 million in Grants to Pakistan for Health, Education Sectors”RS-NEWS. 2018-09-28. Retrieved 2019-07-30.
  4. ^ “The Saudi Fund For Development”Eyeofriyadh.com. Retrieved 2019-07-30.

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