VOL. XLII
No. 32
9-August-1999
SAUDI ARABIA
IFC To Support SMEs In Saudi Arabia
The International Finance Corporation (IFC) announced on 4August that it had approved $100mn project to support small and mediumenterprises (SMEs) in Saudi Arabia. The project involves the establishment ofthe country痴 first joint-venture leasing company, Saudi Orix LeasingCorporation (SOLC), and aims to support the government痴 efforts to diversifythe economy while meeting the financing needs of the domestic...
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