SIDF handles companies promotion program’s financial services

15/06/2019 Argaam

 

The Saudi Industrial Development fund (SIDF) has taken over the implementation and management of the National Companies Promotion Program’s financial products and services, in-line with the program’s governance model, Okaz newspaper reported.

 

Under this move, SIDF shall coordinate with the program to organize the necessary regulations and procedures before they are submitted to the program’s committee for approval.

Both parties will make sure that all the Kingdom’s obligations to the World Trade Organization are met.

 

According to data compiled by Argaam, in April 2017 the Council of Economic and Development Affairs (CEDA) launched 10 programs as part of Vision 2030, including the National Companies’ Promotion Program which entails empowering 100 local firms that have regional and global potential.

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