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SFD signs $10m agreement with National Bank of Iraq
Sep 10, 2026 SFD signs $10m agreement with National Bank of Iraq
Riyadh- Mubasher: The Saudi Fund for Development (SFD) has penned an agreement with the National Bank of Iraq (NBI) to provide credit facilities worth $10 million to Iraqi investors willing to import Saudi products. The five-year deal offers a repayment period of up to 36 months, SFD tweeted on Sunday. SDF said the agreement is part of the $1.5 billion allocations by the Saudi government to support the reconstruction and development of Iraq. NBI is a subsidiary of Jordan’s Capital Bank Group, which offers banking solutions through its network. In April, the Saudi fund signed an export financing agreement worth $50 million with Egypt’s Canal Sugar Company.