Saudi EXIM pens line of credit agreement with Ziraat Bank

Saudi EXIM pens line of credit agreement with Ziraat Bank

The Saudi Export-Import Bank (Saudi EXIM) has signed a line of credit agreement worth $100 million with the Turkish Ziraat Bank, which aims at financing the export activities of Saudi non-oil products and services to Turkish markets. The agreement comes within the EXIM’s efforts to empower the non-oil national economy and enhance the competitiveness of […]The Saudi Export-Import Bank (Saudi EXIM) has signed a line of credit agreement worth $100 million with the Turkish Ziraat Bank, which aims at financing the export activities of Saudi non-oil products and services to Turkish markets.

The agreement comes within the EXIM’s efforts to empower the non-oil national economy and enhance the competitiveness of Saudi products in international markets. The Saudi Export-Import Bank aims to promote the development and diversification of Saudi exports and increase their ability to compete in global markets in various sectors.

Saudi EXIM chief executive Saad bin Abdulaziz AlKhalb signed the agreement in Istanbul, Republic of Turkey.

AlKhalb explained that the agreement comes within the framework of the bank’s efforts to strengthen international trade relations to open new markets for Saudi exporters to expand their activities and increase Saudi products and services to global markets, underlying the bank’s endeavor to achieve the targets