SFD and Turkish Bank Sign Credit Accord

Riyadh, September 28, SPA -- The Saudi Fund for Development (SFD) has
signed an agreement with Turkish Bank of Al-Barakah on providing
credit facilities amounting to SR 75 million to finance the export of
Saudi goods to Turkish importers.

The Fund's President and Managing Director Eng. Yosef bin Ibrahim
Al-Bassam said that the signing of the agreement came within the
framework of good relations between the two countries, noting that
the total value of Saudi exports to Turkey amounted to SR11, 650
million in 2008 and Saudi imports SR 7181 million.

Al-Bassam indicated that since the inception of the Fund's Saudi
Export Program in 2002, the value of credit facilities provided by
the Fund in the field of financing and guaranteeing Saudi non-oil
exports amounted to SR 13 billion.

--SPA