SFD funds Cuban maternity hospitals

April 29, 2010

Saudi Minister of Finance Dr. Ibrahim bin Abdulaziz Al-Assaf, who serves as Chairman of the Board of Directors of the Saudi Fund for Development (SFD), and Cuban Minister of Foreign Trade and Foreign Investment Rodrigo Malmierca Diaz signed in Riyadh on Tuesday a soft-loan agreement worth SR 75 million [$20 million] to be provided by the SFD for renovating and equipping a number of maternity hospitals in Cuba. On the Saudi side, the signing ceremony was attended by SFD Vice President and Managing Director Yousef Al-Bassam; Saudi Acting Charge d’Affaires to Mexico Mohammed Al-Yahya; and members of the delegation accompanying the Finance Minister. On the Cuban side, it was attended by Minister of Public Health Jose Cabrera; Deputy Minister of Foreign Trade and Foreign Investment Ramon Ripoll; and a number of other officials.