JEDDAH: The Saudi British Bank and the Saudi Export-Import Bank on Wednesday signed an insurance policy agreement to enhance dealings with international banks.Â
The agreement was signed during the 9th Annual Saudi Trade Finance Summit in Riyadh. It will allow SABB to accept more documentary letters of credit, according to the bank’s press releaseÂ
The two banks also signed a memorandum of understanding to enhance export capabilities of their clients.
