1999 News Story

Finance Minister Comments on SDF Expansion

Minister of Finance and National Economy Dr. Ibrahim Al-Assaf commented today on the decision of the Council of Ministers to expand the activities of the Saudi Development Fund (SDF) to include the financing of non-oil national exports, saying this decision conforms to the government's long-standing policy of supporting the economic sector in general and the private sector in particular. He explained that the measure would enable SDF to enter new areas of support to the private sector and encourage exports to compete in global markets.