Spark's president and chief executive officer, Saif Al-Qahtani, penned the deals with undersecretary for trade facilitation at Saudi Customs, Faisal Al-Badah, and SIDF
's director general, Dr Ibrahim Al-Mojil.
economic growth, and the SAP partnership with SIDF
is in line with our
Maaden said in November it received a SR 900 million loan from SIDF
to finance the project.
is the main financial partner and enabler of the NIDLP.
King Abdulaziz City for Science and Technology (KACST), represented by the Badir Program for Technology Incubators and Accelerators, has launched an Industrial Enterprises Bootcamp in Riyadh, in collaboration with the Saudi Industrial Development Fund (SIDF
Makkah, March 28, 2019, SPA -- The Director General of the Saudi Industrial Development Fund (SIDF
Saudi Arabian Mining Company (Ma'aden) and the Saudi Industrial Development Fund (SIDF
) have inked two financing deals worth $506m (SAR1.9bn) to build various major projects in Waad Al Shamal city and Ras Al-Khair, a regulatory filing has revealed.
agreed in principle last year to provide SR3.75 billion ($1 billion) in financing for the project.
Founder, Val Kempadoo lauded the government for its support of this development, stating that it was an illustration of successful public and private sector partnership, referencing the Sugar Industry Diversification Fund (SIDF
), which invested some $16 Million in the project;
George Sayen, Riyadh based partner said, " We value our strong relationship with Evonik and we are delighted to have acted for them on such a significant transaction and their first in the Kingdom." Caroline Long, partner in the Bahrain office, added, "The financing involved three Islamic facilities, Murabaha, Procurement and Wakala, and facilities to be made available by The Public Investment Fund (PIF) and The Saudi Industrial Development Fund (SIDF