Saudi EXIM Bank to provide $2.3 billion to non-oil exporters
Published 17 Aug,2021 via Arab News - Economy 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’s efforts to diversify its economy and see 50 percent of its non-oil GDP coming from non-oil exports.
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