The basic objectives of the Fund are to participate in financing of development projects in developing countries through granting of loans to said countries, and to encourage national non-crude-oil exports by providing financing and insurance in support of such exports.
History
The Saudi Fund for Development was established in 14/8/1394 AH corresponding to 1/9/1974 AD. It commenced operations on 18/2/1395 AH corresponding to 1/3/1975 AD.
Constitutional Framework
The Saudi Fund for Development was established by Royal Decree No. M/48
Mode of Finance
The Fund commenced its activities with capital of SR 10 billion provided by the Saudi government. The capital has been increased in three phases to its current level of SR 31 billion
(last updated: 04-September-2004)
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Saudi Arabia \ Government \ Council of Ministers \ Ministry of Finance \ The Saudi Fund for Development
