Business & Money | Monday 22 July, 2019 10:10 am |

The value of the Saudi Development Fund's funds and guarantees to Saudi exports jumped 494 percent last year compared to 2017.
The value of the funds and guarantees provided by the Fund in 2018 about 17.39 billion riyals, compared with 2.93 billion riyals in 2017.
According to a report by the Saudi Arabian Monetary Agency (SAMA) and Saudi Arabian Monetary Agency (SAMA), Saudi Arabia's "financing" and "guarantee" for Saudi exports in 2018 reached a 14-year high 2005 to 2018).
In detail, the value of financing during the year 2018 amounted to about 14.61 billion riyals, while the value of guarantees amounted to 2.78 billion riyals.
The value of funds during the last year increased by 997 percent (10 times), compared to 2017, amounting to 1.33 billion riyals. The Saudi Development Fund's guarantees for Saudi exports in 2018 rose 74 percent from 1.6 billion riyals in 2017 to 2.78 billion riyals in 2018.
According to the distribution of activities, funds and guarantees were provided for four business activities, the highest of which was "Manufacturing of manufactured metal products, machinery and equipment" with a value of SR 12.79 billion, divided into two pillars: "SR 12.16 billion" and "SR 632 million" Million SR (SR 150 million financing, SR 385 million guarantee) in 2017.

The second activity was "Capital Projects" of SR 2.45 billion, all of which were financing for SR750 million in 2017, all of which were financed.
The third activity, "Chemical Industries and Plastic Products", which amounted to about 2.08 billion riyals, all "Daman", compared to 1.54 billion riyals (375 million riyals financing, 1.165 billion riyals guarantee) in 2017.
Fourth, "other" activities, valued at SR 72 million, were all "guarantees", compared to SR 47 million in 2017, all of which were guarantees.