Saudi Development Fund

Name of the organization

Saudi Fund for Development

General information about the organization

  • Establishment date: September 1, 1974 (operations commenced on March 1, 1975).
  • Headquarters: Riyadh, Kingdom of Saudi Arabia.
  • Objective: To participate in financing projects by providing necessary support to developing countries.
  • Governance Structure: Board of Directors consisting of 10 members.
  • Chairman of the Board: H.E. Ahmed Aqeel Al-Khateeb, Minister of Tourism.
  • Chief Executive Officer: Sultan Abdulrahman Al-Marshad.
  • Charter Capital: USD 8.26 billion.

Information about cooperation between Azerbaijan and the organization

 

  • Sovereign loans were attracted for 5 projects and all projects have been completed.