NO. 11


Financial and Banking News

Budgets & Revenues

Saudi Industrial Development Fund Details Lending In 1992

The Saudi Industrial Development Fund (SIDF) lent SR1.92bn ($512mn) during1992, according to the company's Annual Report. The fund extended a total of 90loans, of which 56 were for new projects. 32 loans, valued at SR632mn ($169mn),were extended to the chemical sector and 30, valued at SR628mn ($167mn), wereextended to the consumer goods sector.