Announcement
20 Dec 2011
On 20 December 2011, the Saudi Fund for Development (SFD) announced signing a credit insurance policy agreement with the Saudi company Sipchem Marketing and Services Co.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
20 Dec 2011
Revocation date:
No revocation date
Last action: 20 Dec 2011
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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Last action: 20 Dec 2011
Trade finance
In force
The agreement covers a total value of SAR 126.75 million (approx. USD 33.8 million) in guarantees of the company's Saudi exports and is funded through SFD's Saudi Export Program (SEP). The company pro...
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