Saudi Fund for Development

Overview

The Saudi Fund for Development (SEP) was established by Royal Decree in 1974.  SEP aims to contribute and diversify the national income sources and also contributes to achieving the Kingdom's Vision 2030 and its ambitious programs throughout :

  • Developing and diversifying the non-oil exports via provides funding facilities (finance – Credit Insurance) for the Saudi non-oil exports.
  • Maximize the competitiveness of Saudi exports via providing credits to foreign buyers and/or Institutions of the Saudi non-oil importers.
  • Motivate the Saudi exporters to discover and enter new markets by mitigating risks associated with non-payment issues.
  • Enhance the facilities offered by the SEP and mitigate associated risks through technical cooperation, Co-financing and reinsurance arrangements with the global and regional institutions that could be involved in this business.

Subscriber Only Content

Subscriber Only Content

NO Comment 16th March 2020

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