The Saudi Fund for Development (SFD)
Headquarters 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