Oman Business: Sohar International partners with Saudi Exim Bank – Gulf Digital News

Oman Business: Sohar International partners with Saudi Exim Bank – Gulf Digital News

Sohar International, a leading bank in Oman, recently signed an agreement with Saudi Export-Import Bank to establish a framework of cooperation between the banks for the furtherance of their respective mandates.



Signing the memorandum of understanding (MoU) and representing Saudi Export-Import Bank was Saad A Alkhalb, Chief Executive Officer, whilst representing Sohar International was Ahmed Al Musalmi, Chief Executive Officer.



The establishment of this strategic alliance endeavours to contribute to enhancing socio-economic relations between the two countries and opening up new opportunities for the short and long term.



“Through the years, Sultanate of Oman and the Kingdom of Saudi Arabia have enjoyed deep-rooted historical ties and brotherly bonds. With both countries laying emphasis on increasing pace of economic cooperation and realizing meaningful commercial and investment exchange, this strategic alliance between Sohar International and Saudi Export-Import Bank is a significant contribution towards achieving the goals outlined in the Oman Vision 2040 and the Kingdom of Saudi Arabia’s Vision 2030,” said Ahmed Al Musalmi.



“Sharing a common vision of driving investment, developing its industries and trade, and empowering its local youth workforce, the agreement will open new opportunities and growth potentials for both the countries. By sharing knowledge of our respective markets, collaborating on training sessions