Alrashid Cyber Mall, is Designed and hosted by Nova Stars Informations Services, Memeber of The Saudi Network, Trade and business informations and links to Saudi Arabia, Arabian gulf and middle east area.

Quran, Arabic and English
The Saudi Network

 
Saudi Arabia, Trade and business informations and links to Saudi Arabia, Arabian gulf and middle east area.
Member of
The Saudi Network, Trade and business informations and links to Saudi Arabia, Arabian gulf and middle east area.
Saudi Arabia Trade and Business Directory
Nova Stars Information Services, Trade and business informations and links to Saudi arabia, arabian gulf and middle east area.
Special Communication Systems
Home Table of Content Search Hotels Booking Online Shopping

Credit Instituations

Taxation

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.

 

 

Saudi Arabia Specialized Credit InstituationsSaudi Arabia Specialized Credit InstitutionsSaudi Arabia Specialized Credit Instituations

 

Petroleum and Minerals  Education  Transportation  Agriculture
Industry & Electricity  Economy  Credit Institutions

Kingdom of Saudi Arabia has established a number of local development banks and funds to raise the standard of living for citizens by providing long-term and intermediate loans to individuals and companies. These banks and funds include:

1. The Saudi Agricultural Bank
This institution was established in 1962 (1381 H.) and activated in 1964 (1383 H.). It provides easy loans to farmers, projects and agricultural companies for the purchase of agricultural equipment. Those loans, which amounted to more than SR 28.1 billion in 1995 (1415 H.), contributed to the establishment of more than 2629 agricultural production projects (fruit and vegetables), dairy products and meat. The bank also provided subsidies to support the agricultural sector, which has exceeded SR 10 billion since the Bank began offering subsidies to farmers in 1973-74 (1413-14 H.). Loans are provided interest free.

2. The Saudi Credit Bank
The bank was founded in 1971 (1411 H.) and has 24 branches in various regions of the Kingdom. Loans disbursed from its establishment to 1995 (1415 H.) amounted to more than SR 4.8 billion, and were provided interest free to Saudi citizens of limited income for marriage expenses, the maintenance of houses or establishment of workshops. 

3. The State Development Fund
This fund was established in 1974 (1394 H.), to encourage private sector construction of housing and for investment. Up to 1995 (1415 H.) the Fund has provided SR 111.7 billion to citizens interest free, and has contributed to the establishment of 505,817 housing units.

4. The Industrial Development Fund:
This institution was established in 1974 (1394 H.) to boost industrial development throughout the private sector. Loans which the fund provided contributed to the financing of 1,365 industrial projects and 11 electricity companies. The total amount of loans provided to the private sector free of interest up to 1995 (1415 H.) amounted to SR 55.6 billion.

5. The Saudi Development Fund:
This fund was established in 1974 (1394 H.) for the financing of development projects in developing countries through loan grants. It started work in 1975 (1395 H.) and by the end of 1994 (1414 H.) it had provided SR 21 billion in easy loans to finance 300 projects in 61 developing countries. This aid provided for developing countries constitutes 5 percent of the Kingdom's national income.

 

 

Booking.com

 

Home Up

Best Hotel Reservation

In Saudi Arabia & World Wide

Saudi Arabia
 Alrashid Cyber Mall, member of The Saudi Network, Trade and business informations and links to Saudi arabia, arabian gulf and middle east area.
Shopping in Saudi Arabia

Send E-mail to TSN@The-Saudi.Net with questions or comments about The Saudi Network.
1001 Arabian Network, Alrashid Cyber Mall and The Saudi Network are members of Nova* Stars* Information Services
The Saudi Network, Trade and business information and links to
Saudi Arabia, Arabian Gulf and Middle East Area.

morocco, libya, lebanon, kuwait, jordan, iraq, egypt, bahrain, algeria, yemen, uae, tunisia, syria, sudan, qatar, palestine, oman

We are Looking for Business Sponsorship or Marketing Partnership