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Financial Institutions in Saudi Arabia
1 Saudi Arabian General Investment Authority (SAGIA) Body set up by the Saudi government following the introduction of the liberalised Foreign Investment Law in 2000; facilitates investments, acts as a catalyst for changes, an intermediary between the Saudi government & global community etc
2 Saudi Industrial Development Fund (SIDF) Organisation whose aim is to develop the country's industrial base by granting loans to private sector companies; reports to the Ministry of Finance & National Economy; based in Riyadh
3 The Islamic Development Bank Group (IDB) A multilateral development financing institution, established to foster the social and economic development of its 55 member countries and Muslim communities worldwide; participates in equity capital and grants loans for productive projects
4 The Saudi Export Program (SEP) Provides financing & insurance to facilitate the development of non-oil exports from Saudi Arabia; based in Riyadh
5 The Saudi Fund for Development (SFD) Fund set up by the Saudi government to participate in financing of development projects in developing countries through loans and to encourage national non-crude-oil exports by providing financing and insurance for such exports
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