Announcement
14 Nov 2013
On 14 November 2013, the Saudi Fund for Development (SFD) signed a cooperation agreement with The Saudi Investment Bank. The financing agreement is part of SFD's Saudi Export Program (SEP) and contains a local sourcing requirement.
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Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
14 Nov 2013
Revocation date:
No revocation date
Updated: 14 Nov 2013
Local value added incentive
In force
According to the terms of the SFD, the goods and services exported within this transaction must contain a Saudi domestic value of 25% or more.
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Updated: 14 Nov 2013
Trade finance
In force
The agreement is worth SAR 145 million (USD 38.7 million) and funded through SFD's Saudi Export Program (SEP) and will according to a SFD press release finance the bank to expand: "its activities in p...
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