Riyadh: Saudi Fund for Development (SFD) has approved credit facilities worth $ 4 million to finance the export of Saudi products and services for Amrah Bank in Azerbaijan.
The financing agreement was signed in Baku, Azerbaijan last Wednesday by Director General of the Fund’s Program of Exports Ahmed bin Mohammed Al-Ghannam, and Acting Chairman of the Bank’s Board of Directors Aimel Hazanov.
Following the signing ceremony, Al-Ghannam pointed out that the Fund has provided credit facilities worth more than SR 27 billion for Saudi non-oil exports since the foundation of the program in 1421AH.
--SPA
SFD provides $4 Million credit facilities for Azerbaijan
