SFD To Lend Lebanon $100Mn For Development Projects
The Saudi Fund for Development (SFD) will lend Lebanon's Council for Development andReconstruction SR375mn ($100mn) to help finance development projects, under a memorandumof understanding (MOU) signed in Beirut on 3 March. The loan is for a period of 25 yearsincluding a 5-year grace period and carries interest at 2.0-2.5% per annum. In JanuarySaudi Arabia's National Commercial Bank (NCB) and the SFD placed...
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