- AMMAN: The Saudi Fund for Development (SFD) granted a $10 million loan to Capital Bank for financing the bank’s clients’ commercial operations between the two countries, according to a statement issued by the Jordanian commercial bank.
This followed an agreement signed in Amman by the SFD’s Director General of the Saudi Exports Program Ahmad bin Mohammad Al-Ghannam and the Capital Bank’s General Manager Haitham Qamhiyeh.
During the signing ceremony, Qamhiyeh praised the role played by the SFD in boosting the inter-Arab trade and enhancing the competitiveness of the Saudi exports.
Al-Ghannam said that the signing of the loan agreement came in the course of the SFD’s endeavors to boost national exports and merchandise between Saudi Arabia and Jordan.