SFD finances 16 projects in developing countries

Riyadh, June 23, SPA -- The Saudi Fund for Development (SFD) has
financed as many as 16 developmental projects in a number of Asian
and African developing countries with a total amount of SR 1,168
million.

The SFD also jointly funded nine other projects in 9 developing
countries with an amount of SR 752 million, according to an annual
SFD report for the year 2008.

Since its inception in 1975, the SFD contributed SR 28, 896 million
in financing 430 economic and developmental projects and programs in
73 countries.

--SPA