SIDF News

​​​​​​​​​​​ At a virtual workshop hosted by Asharqia Chamber’s Industry and Energy Committee, the Saudi Industrial Development Fund (SIDF) representatives discussed SIDF’s financing packages aimed to stimulate business across the industrial ecosystem in Saudi Arabia. SIDF attaches great significance to the enablement of value-adding business combinations (mergers and acquisitions) as a catalyst of industrial growth, and offers tailored solutions to support such plans, including long-term facilities with tenures of up to five to seven years. At Asharqia Chamber’s workshop, entitled “The Acquisition of Local Industrial Ventures”, SIDF executives showcased multiple financing offers, such as financing the acquisition of a technology, manufacturing method or acquiring intellectual property, in addition to the acquisition of a supplier or client to achieve integration in cost or revenue, and the acquisition of a competitor to achieve integration and develop offers. The fund offered multiple financing options provided by the product, the first option included pre-acquisition financing, as the loan amount is financed to the buyer before purchase, while the second option is limited to post-acquisition financing, as the loan amount is financed after the acquisition for refinancing. ​