Riyadh – Mubasher: The state-owned Saudi Industrial Development Fund (SIDF) on Monday announced the allocation of around SAR 40 billion from the newly-launched programme to develop the national industry and services for raising its capital to SAR 105 billion.
After the capital hike, the SIDF will be able to inject liquidity in supporting new sectors, the fund said on Twitter.
The Saudi body further noted that it will start receiving financing requests from the logistics sector, starting from 13 February.
On Monday, Saudi Arabia launched a new programme to develop the domestic industry and services.
