Company Insights Saudi Fund for Development Banking & Finance Saudi Fund for Development Overview The Saudi Fund for Development is a Saudi government agency that provides assistance to developing countries through loans and grants. The fund specifically prioritises financing social and infrastructure projects to promote economic growth and job creation. The Saudi Fund for Development has contributed to 1,000 projects in 85 countries across South America, Africa, Asia and Europe. The most notable projects include the Tadjoura Port (Djibouti) as well as transport links in West and Central Africa. As of 2020, the Saudi Fund for Development ranked fifth globally for humanitarian aid. Saudi Fund for Development News Oil & Gas Saudi Arabia defers Pakistan’s oil dues ahead of IMF review Saudi Arabia has granted Pakistan an oil import financing facility, deferring oil payments of $1.2 billion by one year. The Saudi Fund for Development CEO Sultan Bin Abdul Rehman Al Marshad and Kazim Niaz, secretary of the economic affairs division of Pakistan, signed the agreement in the presence of prime minister Shehbaz Sharif, state-backed Pakistan […] February 4, 2025 Mining Saudi development fund might invest $100m in Pakistan mining Saudi Arabia might invest more than $100 million in Pakistan’s mining infrastructure through its development fund to scale up operations to meet demand. Minister of industry and mineral resources Bandar Alkhorayef also confirmed that mining company Manara Minerals, a joint venture between Saudi sovereign wealth fund the Public Investment Fund and miner Ma’aden, is interested in investing […] January 16, 2025 Finance UAE rolls over $2bn payment due from Pakistan The UAE has agreed to roll over the payment of $2 billion due from Pakistan in January, Pakistan’s prime minister Shehbaz Sharif has said. Speaking at a press conference, Sharif said that the Emirati president extended the $2 billion repayment due this month in a one-on-one meeting during the UAE leader’s visit to Pakistan on […] January 8, 2025 Mining Saudi Arabia chases 15% stake in Pakistan’s Reko Diq mine Saudi Arabia is in talks with Pakistan to acquire a 15 percent stake in one of the world’s largest undeveloped copper and gold resources, a Pakistani government minister has said. Negotiations between the two countries started last year over a minority stake in the Reko Diq copper and gold mine project in Pakistan’s southwestern Balochistan […] January 3, 2025 Economy Saudi Arabia extends $3bn loan to Pakistan Saudi Arabia has renewed its $3 billion deposit with Pakistan’s central bank for another year. The deposit renewal with the State Bank of Pakistan will boost Pakistan’s foreign exchange reserves and strengthen its economy, the Saudi Fund for Development (SFD) said. The initial agreement was signed in 2021 and rolled over in 2022 and […] December 6, 2024 Development First multi-million loan by Saudi fund for projects in Serbia The Saudi Fund for Development signed three development loan agreements this week with Serbia worth $205 million to support agriculture, education and energy. The SFD, Saudi Arabia’s official overseas development fund, will give Serbia $75 million for an irrigation project, $65 million for the Bio4 Campus research institute in Belgrade and $65 million for a […] October 18, 2024 Aviation Saudi fund loans $55m to expand Bahamas airport Saudi Arabia will provide $55 million financing for the development of an airport project in The Bahamas that will more than double its capacity. The project aims to expand North Eleuthera International Airport’s operational capacity from 300,000 to 700,000 visitors annually, the state-run Saudi Press Agency reported. The expansion will generate more than 300 direct […] September 10, 2024 Mining Saudi Arabia targets stake in Pakistan’s $6.5bn mining project Saudi Arabia plans to acquire a 15 percent stake in the Reko Diq mining project in Pakistan, according to a media report. The stake will be purchased through Manara Minerals, a joint venture between Saudi Arabian Mining Co (Maaden) and the sovereign Public Investment Fund (PIF), The Express Tribune, a Karachi-based news outlet, reported. The […] August 28, 2024 Banking & Finance Pakistan targets $4bn from Middle East lenders Pakistan aims to raise up to $4 billion from commercial lenders in the Middle East by fiscal year 2025, the State Bank of Pakistan governor Jameel Ahmad has said. The country’s gross financing needs would be met over the next fiscal year and in the medium term, he told Reuters. Saudi Arabia, the UAE and […] August 28, 2024 Finance Saudi and UAE commit to debt rollover for Pakistan Saudi Arabia, the UAE and China have confirmed their debt rollover for one year to support Pakistan’s $7 billion bailout package with the International Monetary Fund (IMF), a media report said. The rollover amount will be the same as last year, Bloomberg reported, quoting Pakistan’s finance minister Muhammad Aurangzeb. Islamabad has $12 billion in bilateral […] August 7, 2024 Posts navigation 1 2 3 Next
Oil & Gas Saudi Arabia defers Pakistan’s oil dues ahead of IMF review Saudi Arabia has granted Pakistan an oil import financing facility, deferring oil payments of $1.2 billion by one year. The Saudi Fund for Development CEO Sultan Bin Abdul Rehman Al Marshad and Kazim Niaz, secretary of the economic affairs division of Pakistan, signed the agreement in the presence of prime minister Shehbaz Sharif, state-backed Pakistan […] February 4, 2025
Mining Saudi development fund might invest $100m in Pakistan mining Saudi Arabia might invest more than $100 million in Pakistan’s mining infrastructure through its development fund to scale up operations to meet demand. Minister of industry and mineral resources Bandar Alkhorayef also confirmed that mining company Manara Minerals, a joint venture between Saudi sovereign wealth fund the Public Investment Fund and miner Ma’aden, is interested in investing […] January 16, 2025
Finance UAE rolls over $2bn payment due from Pakistan The UAE has agreed to roll over the payment of $2 billion due from Pakistan in January, Pakistan’s prime minister Shehbaz Sharif has said. Speaking at a press conference, Sharif said that the Emirati president extended the $2 billion repayment due this month in a one-on-one meeting during the UAE leader’s visit to Pakistan on […] January 8, 2025
Mining Saudi Arabia chases 15% stake in Pakistan’s Reko Diq mine Saudi Arabia is in talks with Pakistan to acquire a 15 percent stake in one of the world’s largest undeveloped copper and gold resources, a Pakistani government minister has said. Negotiations between the two countries started last year over a minority stake in the Reko Diq copper and gold mine project in Pakistan’s southwestern Balochistan […] January 3, 2025
Economy Saudi Arabia extends $3bn loan to Pakistan Saudi Arabia has renewed its $3 billion deposit with Pakistan’s central bank for another year. The deposit renewal with the State Bank of Pakistan will boost Pakistan’s foreign exchange reserves and strengthen its economy, the Saudi Fund for Development (SFD) said. The initial agreement was signed in 2021 and rolled over in 2022 and […] December 6, 2024
Development First multi-million loan by Saudi fund for projects in Serbia The Saudi Fund for Development signed three development loan agreements this week with Serbia worth $205 million to support agriculture, education and energy. The SFD, Saudi Arabia’s official overseas development fund, will give Serbia $75 million for an irrigation project, $65 million for the Bio4 Campus research institute in Belgrade and $65 million for a […] October 18, 2024
Aviation Saudi fund loans $55m to expand Bahamas airport Saudi Arabia will provide $55 million financing for the development of an airport project in The Bahamas that will more than double its capacity. The project aims to expand North Eleuthera International Airport’s operational capacity from 300,000 to 700,000 visitors annually, the state-run Saudi Press Agency reported. The expansion will generate more than 300 direct […] September 10, 2024
Mining Saudi Arabia targets stake in Pakistan’s $6.5bn mining project Saudi Arabia plans to acquire a 15 percent stake in the Reko Diq mining project in Pakistan, according to a media report. The stake will be purchased through Manara Minerals, a joint venture between Saudi Arabian Mining Co (Maaden) and the sovereign Public Investment Fund (PIF), The Express Tribune, a Karachi-based news outlet, reported. The […] August 28, 2024
Banking & Finance Pakistan targets $4bn from Middle East lenders Pakistan aims to raise up to $4 billion from commercial lenders in the Middle East by fiscal year 2025, the State Bank of Pakistan governor Jameel Ahmad has said. The country’s gross financing needs would be met over the next fiscal year and in the medium term, he told Reuters. Saudi Arabia, the UAE and […] August 28, 2024
Finance Saudi and UAE commit to debt rollover for Pakistan Saudi Arabia, the UAE and China have confirmed their debt rollover for one year to support Pakistan’s $7 billion bailout package with the International Monetary Fund (IMF), a media report said. The rollover amount will be the same as last year, Bloomberg reported, quoting Pakistan’s finance minister Muhammad Aurangzeb. Islamabad has $12 billion in bilateral […] August 7, 2024