Nick Carter, President and Chief Executive Officer of Arabian American Development, commented, "We are pleased that we have secured the bridge loan from the Saudi French bank as we await the finalization of the SIDF
Since there is not a lot of experience with private mining operations in the Kingdom, the SIDF
performed an extremely diligent review of all aspects of the project.
Considering the popularity of the Fund and the need for more funding, the Custodian of the Two Holy Mosques responded directly and approved addi- tional funding, after which the capital of SIDF
stands at SR 30 billion.
The Bank of Tokyo-Mitsubishi is trying to mediate between Sabic and the SIDF
to resolve issues.
Supply of natural gas supplied to the site and associated services for the supply of delivery points for the consortium comprising the city of Dunkerque, CCAS, Aduges and SIDF
But in early 2009, the venture faced a financing problem as the SIDF
warned it could pull a $530m loan for project.
Although the impact of the VAT and import duty exemptions were largely offset by stronger income tax collection and higher-than-expected outturn of other taxes on international trade, lower CBI budgetary receipts, delays in external grants, and temporary financing of SIDF
spending weakened the fiscal position, compared to previous years.
also helps in the exploitation of the local raw materials and attracting foreign capital in addition to facilitating the transfer of technology and preserving the safety of the environment.
By this, the total volume of loans provided by SIDF
since its inception reached SR 81.
role, said Abdulkarim Al-Nafi, its general manager, is not limited to funding but also includes providing consultation and direct support to establishments as well as adopting initiatives that aim at developing and enhancing Saudi economy.
Following the signing ceremony held yesterday in Istanbul, the Director General of Saudi Exports Program of SIDF
Ahmed bin Mohammed Al-Ghannam said that the volume of trade exchange between the Kingdom of Saudi Arabia and the Republic of Turkey is growing.
The JV will give Dow access to low-cost AH and gas for its plastic products and provide it with a foothold in the Saudi market, as well as low-cost funding from the SIDF
and PIF, while enabling the kingdom to bring foreign expertise into its chemical industry.