“Saudi Export and Import”: agreements with 3 commercial banks for 115 million dollars

Saudi Export-Import Bank CEO Saad Al-Khalab confirmed in an interview with Al-Arabiya that agreements have been signed with 3 commercial banks for a value of 115 million dollars.

Al Khalil indicated that the bank is looking to expand to include global markets.

He said the bank has signed deals with Jordan Money Bank and Iraqi National Bank for $ 55 million.

He explained that the bank’s primary role is to assist exporters of Saudi-sourced services and products overseas and to support affected sectors in export supply chains.

He explained that the deals signed today are a continuation of the previous deals, one of which is a $ 30 deal One million dollars with Jordan Capital Bank to benefit from this deal Exporters from Saudi Arabia to Jordanian market, plus $ 25 million deal with National Bank of Iraq.

He added that the bank has signed a document to support Saudi exporters’ documentary credits through the “SABB” bank. in Saudi Arabia, with a value of more than 60 million dollars, to help SABB Bank take on greater risks and grant greater facilities to exporters.

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