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 Distribution of Loans by Sector

 

A review of the major industrial sectors, classified by approved loan value,  reveals the following salient features:

 

Chemical Industries:

Cumulative Amount of Loans:

This sector still leads all other sectors in terms of amount of loan commitments since SIDF's inception until the end of the fiscal year 1437/1438H (2016). Cumulative commitments extended to the sector totaled SR 52,818 million, representing 38% of the total value of loans approved by the Fund during the year.

 

Projects Approved During 1437/1438H (2016):

 

During FY 1437/1438H (2016), SIDF approved 48 loans for this sector valued at SR 744 million, representing 31% and 9% of the total number and value of loans approved during the year respectively. Hence, this sector ranks second in terms of number and value of approved loans which were provided to support setting up of 42 new industrial projects and expansion of 6 existing ones.

 

Among the loans committed to this sector in 1437/1438H (2016) were two loans valued at SR 195 million approved to support setting up of two pharmaceutical factories in Rabigh and Sudair, two loans worth SR 41 million for setting up two bottle pellets factories in Madinah and Kharj, a loan of SR 36 million for a calcium carbonate plant in Jeddah, a loan of SR 30 million for a lubricating oils plant in Jazan, and a loan of SR 16 million for a medical appliances plant in Sudair.

 

The Fund's loans to expansion projects included a loan worth SR 84 million for the expansion of a bottle pellets plant in Kharj, four loans totaling SR 77 million for the expansion of four projects in Dammam producing non-woven polypropylene, natural gas distribution, shrink films, and plastbau walls and floors, and a loan of SR 7 million for the expansion of a polyethylene film plant in Rabigh.

 

Cumulative Loans Amount for The Chemical Industries Sector (SAR millions)

 


 

 

Engineering Industries:

 

Cumulative Amount of Loans:

This sector comes second in terms of loans approved since the Fund's inception until FY 1437/1438H (2016). Cumulative commitments of loans approved to this sector totaled SR 28,548 million, accounting for 21% of the total value of SIDF approved loans.

 

Projects Approved During 1437/1438H (2016):

During FY 1437/1438H (2016), SIDF approved 34 loans to this sector valued at SR 4,412 million, representing 22% of the total number of loans approved during the year and about 56% of their value. Hence, the sector ranks third and first in terms of the number and value of approved loans respectively. These loans were  provided to support setting up of 29 new industrial projects and expansion of 5 existing ones.

 

The loans approved to this sector during the reporting year included a loan of SR 3,750 million setting up an integrated marine complex in Ras Al Khair for ship services, a loan of SR 116 million for a HV cables factory in Rabigh, a loan worth SR 90 million for a steel pipe factory in Jeddah, a loan of SR 81 million for an aluminum profile factory in Sudair, and two loans totaling SR 44 million for setting up two steel billets factories in Dammam and Jeddah.

 

SIDF loans to finance expansion projects in this sector included a loan worth SAR 62 million to expand an aluminum factory in Dammam, a loan of SR 20 million to expand a copper wire factory in Jubail,  two loans worth SR 15 million to expand two factories in Riyadh producing steel rebars and billets, and a loan of SR 10 million for the expansion of a LV cables factory in Jeddah.

Cumulative Loans Amount for The Engineering Industries Sector (SAR millions)

 



 

 

Consumer Industries:

 

Cumulative Amount of Loans:

This sector ranks third in terms of the value of the approved loans totaling SR 22,824 by the end of the reporting year, accounting for 17% of the total loans approved by SIDF since its inception until the end of the fiscal year 1437/1438H (2016).

 

Projects Approved During 1437/1438H (2016):

During FY 1437/1438H (2016), SIDF approved 51 loans to this sector valued at SR 1,044 million, accounting for 33% of the total number of approved loans and 13% of their value. Hence, the sector ranks first and second in terms of the number and value of approved loans respectively. The loans committed to this sector during the reporting year contributed to setting up of 45 new industrial projects and the expansion of 6 existing ones.

 

The loans approved to this sector during the reporting year included a loan worth SR 255 million to set up a pastry factory in Hail, five loans worth SR 143 million for five paper projects in Kharj, Riyadh, Sudair, Buraidah and Hawat Sudair, a loan of SR 90 million for six bottled water projects in Madinah, Jazan, Shaqra, Aqeeq, Jeddah and Tanumah, in addition to two loans worth SR 54 million for two cardboard factories in Madinah and Jazan.

 

SIDF loans to finance expansion projects in this sector included a loan worth SAR 67 million for the expansion of a biscuits factory in Riyadh, a loan of SR 56 million for a duplex cartons factory in Dammam, a loan of SR 35 million for a wooden cabinets factory in Sudair, a loan of SR 30 million for a baked food factory in Kharj, and a loan of SR 22 million for a non-concentrated fruit and vegetable juice plant in Hofuf.

 

Cumulative Loans Amount for The Consumer Industries Sector (SAR millions)

 

 

 

 

Cement Industry:

 

Cumulative Amount of Loans:

Since SIDF's inception until the end of the fiscal year 1437/1438H (2016), the cumulative amount of loans committed to the cement sector totaled SR 12,503 million, representing about 9% of the total value of the loans approved by the Fund, thereby ranking fifth in terms of total value of committed loans.

 

Projects Approved During 1437/1438H (2016):

One loan has been committed to the cement sector during the reporting  year worth SR 900 million, representing 1% of the total number of loans approved during the year and about 11% of their value. Hence, the sector ranks sixth and third in terms of the number and value of approved loans respectively. The abovementioned loan helped expansion of an existing project.

 

Cumulative Loans Amount for The Cement Sector (SAR millions)


 

 

 

Other Building Materials Industries:

 

Cumulative Amount of Loans:

The cumulative amount of SIDF loans committed to the "Other Building Materials" Sector until the end of the fiscal year 1437/1438H (2016) totaled SR 13,812 million, representing 10% of the total value of loans approved by the Fund for industrial projects since its inception. This ranks the sector fourth in terms of the number and value of approved loans.

 

Projects Approved During 1437/1438H (2016):

During the year 1437/1438H (2016), SIDF approved 13 loans for this sector valued at SR 533 million, accounting for 8% and approximately 7% of the number and value of the approved loans respectively.  This brings the sector to the fourth rank in terms of the number of approved loans and fifth in terms of value.  Loans provided to this sector contributed to setting up 12 new industrial projects and  expanding one existing ones.

 

The loans approved to this sector during the reporting year included a loan of SR 153 million for setting up a precast concrete factory in Jazan, two loans worth SR 139 million for two red brick factories in Shaqra and Baqaa, a loan of SR 106 million for a glass products factory in Yanbu, a loan of SR 46 million for a granite tiles factory in Najran and  a loan of SR 22 million for an interlock factory in Sudair.

 

As for expansion projects, there is only one loan worth SR 30 million which helped expansion of a gypsum factory in Yanbu.

 

Cumulative Loans Amount for The Other Building Materials Industries Sector

(SAR millions)

 


 

SIDF approved 3 expansion loans totaled SR59 million to finance expansion of three factories in Riyadh, one for production of sanitary ware and extension supplies, the second producing dry silica sand, and the third is insulated glass factory.

 

 

Other Industries:

 

Cumulative Amount of Loans:

SIDF cumulative loans committed to this sector since its inception until the end of the fiscal year 1437/1438H (2016), totaled SR 6,863 million, representing 5% of the total value of loans approved by the Fund,  thereby ranking the sector sixth in terms of value of loans approved.

 

Projects Approved During 1437/1438H (2016):

During 1437/1438H (2016), SIDF approved 8 loans for this sector valued at SR 310 million,  accounting for about 5% and 4% of the total number and value of approved loans respectively. This ranks the sector fifth and sixth in terms of number  and value of loans approved during the year respectively. SIDF loans provided to this sector during the year helped set up 8 new industrial projects.

 

Among the new loans committed for this sector during the reporting year are Three loans worth SR 166 million for setting up three labour housing complexes in Jeddah, Dammam and Sudair, two loans of SR 119 million for establishment of hotels and warehouses in Jeddah, and a loan of SR 26 million for production of solar energy equipment.

 

 

Projects Which Commenced Production in 2016:

SIDF-financed industrial projects which started commercial production during the year totaled 63 projects, 54 of which are new and the remaining nine are expansion of already existing projects, as shown below: