SIDF finances the industrial, mining, energy, and logistics sectors in Saudi Arabia. It signed a financing agreement with Lucid Motors in May 2022 to establish the company’s first electric car factory in Saudi. In 2020, SIDF approved 212 loans, with a total value of $4.5 billion. Almojel is also the deputy chairman of Saudi EXIM Bank and serves on the boards of the Saudi National Bank, the Awqaf Investment Company, and the Arab Mining Company.