The Latest Breaking News from SFD

The Turkish Central Bank's net international reserves rose by $6 billion last week to $25 billion after a $5 billion deposit from Saudi Arabia entered its accounts. The central Bank's gross reserves rose $6.5 billion to $126.5 billion in the same period, Reuters quoted three bankers as saying. The Bank…

Saudi Arabia will allocate $800 million through the Saudi Fund for Development (SFD) to finance development projects for Least Developed Countries (LDCs) in regions including Africa and Asia, Minister of Economy and Planning Faisal bin Fadhil Al Ibrahim announced during the Fifth United Nations Conference on the Least Developed Countries…

Saudi Arabia has announced a $30 million grant to support the Afghanistan Humanitarian Trust Fund (AHTF), which operates under the umbrella of the Islamic Development Fund (IsDB), in coordination with the Organization of Islamic Cooperation (OIC), the Saudi Press Agency reported Thursday. The grant comes in continuation of the Kingdom’s…

Oman’s Finance Ministry signed on Thursday three Memorandums of Understandings (MoUs) with the Saudi Fund for Development (SFD) to finance several projects worth RO94 million (about $244 million). The first MoU aims at supporting small and medium enterprises (SMEs) by allocating funds to give access to soft loans in various…