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Saudi Fund Approves 1.1 Billion Riyals of Loans, Al-Riyadh Says

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Feb. 28 (Bloomberg) -- The Saudi Industrial Development Fund approved 13 loans valued at 1.1 billion riyals ($290 million) to finance industrial projects in the kingdom, al-Riyadh newspaper reported, citing Ali Bin Abdullah Al-Ayed, the fund’s director general.

To contact the reporter on this story: Glen Carey in Riyadh at gcarey8@bloomberg.net.

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

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