Saudi Fund for Development signs $75 million financing agreements with Turkish banks

Riyadh, (IINA) - Saudi Fund for Development announced on Sunday that it agreed to provide credit facilities to finance the export of goods and national services amounting to $75 million for the benefit of a number of banks inTurkey, WAM reported.
Ahmed bin Mohammed Al-Ghannam, director general of the Fund's Saudi Exports Program, said that the agreements for providing these facilities signed in Istanbul recently come as part of the continuing efforts of the Fund to increase Saudi exports and stimulate trade between the Kingdom and the brotherly and friendly countries.
He pointed out that since the launch of the Saudi exports program in 2002, the total credit finances for the export of Saudi products amounted to more than SR 50 billion.
AG/IINA

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