 Riyadh, August 20, 2025, SPA -- The Saudi Fund for Development (SFD) signed 17 development loan agreements with 13 countries worldwide in fiscal year 1446/1445H (2024), with a total value of SAR3,701.75 million, to finance priority projects that support sustainable development and reinforce the Kingdom’s leading role in providing development assistance. According to the SFD’s 2024 Annual Report, the financing included two loans in Africa worth SAR337.50 million, five loans in Asia and the Pacific totaling SAR1,147.50 million, four loans in Europe amounting to SAR821.75 million, and six loans in Latin America and the Caribbean valued at SAR1,395 million. The agreements marked the Fund’s expansion in 2024 to five new countries: Saint Kitts and Nevis, El Salvador, Nicaragua, Dominica, and Serbia. Over the past five decades, the SFD has financed nearly 800 development projects and programs across 100 countries, with a total value exceeding SAR81 billion, contributing to growth and prosperity and helping build a better future.
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