Saudi Fund lends Maldives US$100m for new airport terminal

“This is a concessional loan from the Saudi Fund to be repaid within 25 years, with a grace period of five years, at an interest rate of two percent,” the finance ministry said. It will be used to finance the development of a new passenger terminal by the Saudi Binladin group.

Saudi Arabia grants US$80m loan for Hulhumalé development

Speaking at a ceremony held this morning for signing the loan agreement, finance minister Abdulla Jihad said the loan was arranged within two to three months, which was “a record” in the ministry’s history and demonstrated the close ties between the Maldives and Saudi Arabia.

High level delegation to pay last respects to late Saudi King Abdullah

Vice President meets with Saudi Fund and IBD