1998 News Story

New loans made available by SIDF

The Board of Directors of the Saudi Industrial Development Fund (SIDF), under the chairmanship of Governor of the Saudi Arabian Monetary Agency (SAMA) Hamad Ibn Saud Al-Sayyari, has approved loans amounting to SR 453 million (U.S. $ 120.8 million) for seven new private-sector industrial projects. These projects are for the production of anti-plastic oxidation materials, plastic food wrappings, insulated multi-layer glass, material for coating carpets, polyester thread, oxidized-aluminum materials, oxygen and nitrogen.