Saudi Fund for Development Signs 17 Loan Agreements Worth SAR3.7 Billion in 2024

Riyadh, August 20, 2025 (Saudi Arabia Breaking News) – The Saudi Fund for Development (SFD) signed 17 development loan agreements with 13 countries in fiscal year 1446/1445H (2024), with a total value of SAR3,701.75 million, according to the Fund’s 2024 Annual Report.

The agreements financed priority projects in various regions, including two loans in Africa worth SAR337.50 million, five in Asia and the Pacific totaling SAR1,147.50 million, four in Europe amounting to SAR821.75 million, and six in Latin America and the Caribbean valued at SAR1,395 million.

The Fund expanded its operations in 2024 to five new countries: Saint Kitts and Nevis, El Salvador, Nicaragua, Dominica, and Serbia.

Over the past five decades, the SFD has financed nearly 800 development projects and programs across 100 countries, with a total value exceeding SAR81 billion, underscoring the Kingdom’s role in supporting sustainable development and contributing to global growth and prosperity.