Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Presight Q3 revenue up 15.3%; firm accelerates global expansion
- Abu Dhabi Islamic launches debut AED-denominated sukuk for investors
- Al Salam Bank delivers record profitability in Q3
- flynas launches "Saudi Experiences" to boost tourism, support communities
- Adnoc Gas records Q3 net income of $1.3bn, up 8pc
- Jacobs JV with AECOM to deliver design services for Riyadh's The Mukaab
- TAQA reports 9-month profit of $1.66bn
- Asian stocks rise with focus on Fed, tech as US government reopens
- KIPCO reports a net profit of KD 13.4 m for first 9 months
- Ahli Bank issues QAR 500 million bonds
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 |
|---|
| Ticker | Price | Change |
|---|---|---|
| ALASEEL | 3.43 | -0.06 (-1.72 |
| ARTEX | 11.86 | -0.48 (-3.89 |
| FITAIHIGROUP | 3.00 | -0.07 (-2.29 |
| LAZURDE | 11.90 | 0.00 (0.00 |
| NASEEJ | 48.12 | -2.48 (-4.91 |
14/11/2025
Presight AI Holding, a leading Abu Dhabi-based global big data analytics company powered by AI, has reported another period of strong performance for the third quarter driven by robust international
Trade Arabia
14/11/2025
Abu Dhabi Islamic Bank (ADIB), in collaboration with the Ministry of Finance, has launched the first UAE Dirham-denominated sovereign sukuk for individual investors via the ADIB Smart Sukuk Platform.
Trade Arabia
14/11/2025
Al Salam Bank has announced record profitability for the nine months ended September 30, marking another milestone in its transformation into one of the region's leading and fast-growing financial gr
Trade Arabia
14/11/2025
flynas, a low-cost airline in the Middle East, announced the launch of the "Saudi Experiences" initiative. This is in collaboration with the Saudi Tourism Authority.
The announcement was mad
Trade Arabia
14/11/2025
Adnoc Gas has announced its Q3 2025 results, achieving the highest third quarter net income in its history at $1.34 billion, an 8 per cent increase year-on-year.
Year-to-date net income reac
Trade Arabia
Financial Information Co.
Saudi Arabia