Riyadh – Mubasher: The National Development Fund (NDF) penned a SAR 3 billion credit facility agreement with the Saudi National Bank (SNB) in Riyadh, according to the Saudi Press Agency (SPA).
The agreement aims to support development projects in the Kingdom and enable NDF’s 12 development funds and banks to achieve their objectives.
NDF Governor Stephen Paul Groff highlighted that the agreement complements a series of financing deals signed with commercial banks in 2025, bringing the total value of credit facilities to SAR 13.50 billion.
Groff unveiled plans to provide quality credit products to development funds and banks, allowing them to efficiently implement strategic projects, fuel expansion plans, and boost their contribution to economic growth in line with Saudi Vision 2030.
Earlier this year, NDF signed agreements with Al Rajhi Bank, Arab National Bank (ANB), Riyad Bank, and the Saudi Awwal Bank (SAB) at an aggregated value of SAR 10.50 billion.
