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21/01/2014 08:25 AST
Saudi Industrial Development Fund (SIDF) approved 144 loans worth SR6.68 billion, with an increase of 6 percent over the loans of 2012, local media said quoting a senior SIDF official.
The loans were allocated for the establishment of new 120 industrial projects and expansion of 24 existing ones whose investments totaled SR14.5 billion, SIDF Chief Ali bin Abdullah Al-Ayid said.
The SIDF chief predicted that the SIDF-funded projects will create some 11,443 direct jobs to Saudi jobseekers. The volume of repaid loans during the last year stood at SR4.3 billion, the highest repayment rate in one year since the establishment of the fund, he said.
Some 55 percent of the approved loans, or 66 percent of their values, went to the least developed areas of the Kingdom, he noted. Prior to the application of the Council of Ministers' decision in this regard, this percentage was not exceeding 14 percent, or 15 percent of their values, the SIDF chief said.
This tendency is a proof on the success of the government policy aimed to speed up the pace of development in the least developed areas and to achieve a balanced development between the different regions of the Kingdom, he added.
The SIDF used to provide financial assistance in the form of medium and long term loans to investors in industry besides offering technical, administrative, financial and marketing advice to borrowers.
Arab News
15/01/2014
Net profit of Saudi Industrial Development Company (SIDC) during the 4th Q 2013 amounted to SAR 7 million versus SAR 4 million for the same quarter of last year with an increase of 75 %, compared to
Gulfbase.com
25/02/2013
Saudi Industrial Development Company "SIDC" announces annual financial results ended 31/12/2012.
1.Net profit during this period was (33.2) million riyals compared to net profit of (24.6)
Tadawul
22/01/2013
Saudi Industrial Development Company (SIDC) announces interim consolidated financial results for the period ended 31/12/2012 (TWELVE MONTHS).
1-Net profit during the fourth quarter is (4.4)
Tadawul
| Ticker | Price | Volume |
|---|---|---|
| ALDREES | 141.40 | 522,113 |
| MAADANIYAH | 18.00 | 151,342 |
| SIPCHEM | 23.20 | 725,926 |
| NEFTALSHARQ | 4.20 | 52,662 |
| FIPCO | 45.05 | 42,576 |
| ASG | 0.00 | 0 |
| SAUDIKAYAN | 6.74 | 2,338,843 |
| Ticker | Price | Change |
|---|---|---|
| ARTEX | 15.60 | -0.18 (-1.15 |
| FITAIHIGROUP | 4.51 | -0.04 (-0.88 |
| NASEEJ | 109.20 | -1.80 (-1.63 |
| LAZURDE | 14.16 | 0.26 (1.87 |
| ALFAKHERA | 0.00 | 0.00 (0.00 |
14/09/2024
RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <
Saudi Gazette
12/09/2024
Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces
Arab News
04/05/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
05/04/2018
Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
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