Financial Institutions in Saudi Arabia

1     Saudi Arabian General Investment Authority (SAGIA)

Body set up by the Saudi government following the introduction of the liberalised Foreign Investment Law in 2000; facilitates investments, acts as a catalyst for changes, an intermediary between the Saudi government & global community etc

2     Saudi Industrial Development Fund (SIDF)

Organisation whose aim is to develop the country's industrial base by granting loans to private sector companies; reports to the Ministry of Finance & National Economy; based in Riyadh

3     The Islamic Development Bank Group (IDB)

A multilateral development financing institution, established to foster the social and economic development of its 55 member countries and Muslim communities worldwide; participates in equity capital and grants loans for productive projects

4     The Saudi Export Program (SEP)

Provides financing & insurance to facilitate the development of non-oil exports from Saudi Arabia; based in Riyadh

5     The Saudi Fund for Development (SFD)

Fund set up by the Saudi government to participate in financing of development projects in developing countries through loans and to encourage national non-crude-oil exports by providing financing and insurance for such exports

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