Saudi EXIM Bank to provide $2.3bn to non-oil exporters

Arab News
The federation said the MoU is part of the Kingdom鈥檚 efforts to diversify its economy and see 50 percent of its non-oil GDP coming from non-oil exports. (File/Shutterstock)
Short Url

https://arab.news/84jnk

  • The agreement with provide importers and exporters loans and other financial services

RIYADH:Saudi EXIM Bank CEO Saad Al-Khalb said the bank has so far accepted more than 81 financing requests worth SR9 billion ($2.3 billion).

The Saudi Export-Import Bank (EXIM) on Tuesday signed a memorandum of understanding (MoU) with the Federation of Saudi Chambers (FSC) to provide importers and exporters loans and other financial services.

In an e-mailed statement, the federation said the MoU is part of the Kingdom鈥檚 efforts to diversify its economy and see 50 percent of its non-oil GDP coming from non-oil exports.

FSC President Ajlan bin Abdulaziz Al-Ajlan said the MoU signed with EXIM seeks to support efforts in increasing non-oil exports and provide credit solutions to the business community to improve the competitiveness of the Saudi products.

Topics: 抖阴短视频 banking EXIM