SFD Signs Two Accords for Financing Exports to Sudan

Riyadh, May 30, SPA -- Saudi Fund for Development (SFD) has recently
signed two agreements for financing the export of iron structures and
their requirements as well as construction materials from Al-Zamil
Iron Plant worth SR 20,167,500 for a number of importers in Sudan.


The agreements were signed by the Fund's Vice President and Managing
Director Eng. Yosef bin Ibrahim Al-Bassam and Chairman of Board of
Directors of Al-Zamil Company for Industrial Investment Dr.
Abdulrahman bin Abdullah Al-Zamil.

Al-Bassam said that public and private institutions in Sudan are the
largest beneficiaries of the credit facilities provided by Saudi
Export Program, noting that credits for financing exports of national
goods and services to Sudan amounted to SR1,300 million.

With regard to Saudi non-oil national exports, Al-Bassam pointed out
that in spite of the consequences of the world economic crisis,
these exceeded SR 121 billion in 2008, an increase of 16% in
comparison with the figure of 2007.


--SPA