Global Trade Alert
Global Trade Alert

Saudi Arabia: SFD signs financing agreements totalling SAR 131 million with three foreign banks to promote Saudi exports

Announcement

03 Feb 2013

In February 2013, the government of Saudi Arabia announced a change in its trade finance instruments.

Source

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Number of interventions

2

1 certainly harmful

1 likely harmful

0 liberalising

List of interventions

Implementation date

28 Jan 2013

Revocation date:

No revocation date

Last action: 03 Feb 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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Implementation date

28 Jan 2013

Revocation date:

No revocation date

Last action: 03 Feb 2013
Trade finance In force
On 3 February 2013, the Saudi Fund for Development (SFD) announced signing three financing agreements totalling SAR 131 million (approx. USD 35 million) with Tekstil Bank and Turkland Bank in Türkiye,...
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