{"id":89485,"date":"2025-03-21T00:00:00","date_gmt":"2025-03-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2025\/03\/21\/saudi-environment-fund-launches-new-financing-initiatives\/"},"modified":"2025-03-21T00:00:00","modified_gmt":"2025-03-21T00:00:00","slug":"saudi-environment-fund-launches-new-financing-initiatives","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2025\/03\/21\/saudi-environment-fund-launches-new-financing-initiatives\/","title":{"rendered":"Saudi Environment Fund launches new financing initiatives"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi <\/strong><strong>Arabia launches new environmental initiative: <\/strong>KSA\u2019s <a target=\"_blank\" href=\"https:\/\/efund.ef.gov.sa\/programs\" style=\"\" rel=\"noopener\">Environment<\/a><a target=\"_blank\" href=\"https:\/\/efund.ef.gov.sa\/programs\" style=\"\" rel=\"noopener\">Fund<\/a> has launched a Riyadh Bank-backed SAR 1 bn (USD 266.6 mn) <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/environmental-fund-sa_aedaeuaexaewaeqabraepaesaeqaeyaeoaer-aezaemaeyaerabraepaesaebaehaewaexaeyaerabr2030-activity-7307067701745623045-xfPX?utm_source=share&utm_medium=member_desktop&rcm=ACoAAFCC1R4B8bJ2XP1yuuTfhZswiTjG6MgJX3k\" style=\"\" rel=\"noopener\">financing initiative<\/a> dubbed the <a target=\"_blank\" href=\"https:\/\/efund.ef.gov.sa\/about-program\" style=\"\" rel=\"noopener\">Incentives and Grants Program<\/a> to support the environmental and meteorological sectors, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2282347\" style=\"\" rel=\"noopener\">SPA<\/a> reported on Sunday. The program aims to increase the adoption of environmental technologies, attract private sector investment, and support research and innovation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The fund also signed an agreement with Kafalah to launch a loan.guarantee program to <\/strong><strong>enable SMEs in the same sectors to unlock needed loans<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/environmental-fund-sa_aedaeuaexaewaeqabraepaesaeqaeyaeoaer-aezaemaeyaerabraepaesaebaehaewaexaeyaerabr2030-activity-7307073685134204930-KqGI?utm_source=share&utm_medium=member_desktop&rcm=ACoAAFCC1R4B8bJ2XP1yuuTfhZswiTjG6MgJX3k\" style=\"\" rel=\"noopener\">statement<\/a> issued on Sunday. The program will also establish database for available investment opportunities in the sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the fund: <\/strong>The Environment Fund provides backing to research institutions, business incubators and accelerators, and large private-sector companies, according to its <a target=\"_blank\" href=\"https:\/\/efund.ef.gov.sa\/about-program\" style=\"\" rel=\"noopener\">website<\/a>. It also supports environmental action from non-profit organizations through its NPO Environment Action Grant under the Incentives and Grants Program.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Riyad Bank\u2019s been on a green roll: <\/strong>In September 2024 alone, Riyad Bank closed a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/82aa3076-00f3-4f80-9491-e4488ee46a21\/\" style=\"\" rel=\"noopener\">USD<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/82aa3076-00f3-4f80-9491-e4488ee46a21\/\" style=\"\" rel=\"noopener\">750 mn<\/a> additional tier 1 capital USD-denominated sustainable sukuk issuance, contributed to the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/eb47707f-bb1f-4329-b544-665da96f0d45\/\" style=\"\" rel=\"noopener\">SAR 9.7 bn funding package<\/a> provided to Acwa Power, PIF\u2019s Water and Electricity Holding Company (Badeel), and Aramco subsidiary Aramco Power to develop three large-scale solar PV projects in the Kingdom, and inked a SAR 60 mn <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4ba56912-383e-4e46-b51a-051273f145b4\/algeria-joins-brics-nbd-%2B-tadweeer-has-a-good-1h-2024\" style=\"\" rel=\"noopener\">shariah-compliant bank facility<\/a> with Tadweeer. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>One initiative will fund environmental projects, while the other will support SMEs<\/p>\n","protected":false},"author":1,"featured_media":89486,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[243],"tags":[11,164,159],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-finance","tag-enterpriseclimate","tag-green-finance","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"9e391885-b7be-4a6e-a1a8-e78cf39acae1","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/1677.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Saudi Environment Fund launches new financing initiatives","related_issue":[89468],"teaser":"One initiative will fund environmental projects, while the other will support SMEs","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.69dc319d-9031-4710-bf31-af7feca37884.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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