Saudi Arabia: SFD signs USD 250 million financing agreement with the Egyptian General Petroleum Corporation to support Saudi exports of petroleum derivatives
Announcement
07 Oct 2012
A new trade finance transaction was announced in October 2012.
On 7 October 2012, the Saudi Fund for Development (SFD) signed a USD 250 million financing agreement with with the Egyptian General Petroleum Corporation. The agreement is funded through SFD's Saudi E...
The credit for this transaction is provided by the Export Import Bank of India (EXIM) and requires that at least 75% of the contract price for goods and services associated with the project is sourced...