Riyadh – Mubasher: Saudi Arabia-based Social Development Bank (SDB) has provided as much as SAR 700 million in financings for more than 1,500 industrial projects, the bank's head of general administration said.
Mohammed Al-Qahtani further noted that the Saudi bank aims to secure SAR 400 million in credit facilities to the Saudi Basic Industries Corporation (SABIC) over the coming three years.
He told CNBC Arabia that the bank’s cooperation with SABIC will boost the local industrial sector.
