Saudi Arabia to establish SAR 30 bln entity to finance exporters

06/02/2019 Argaam

 

Saudi Export Development Authority is currently working on establishing a new bank to finance exporters with SAR 30 billion in capital, Saudi Press Agency (SPA) reported.

 

The new bank will provide integrated financial solutions and services to Saudi exporters within the export finance enhancing initiative.

 

Enhancing exports financing is one of the National Industrial Development and Logistics Program’s (NIDLP) goals.

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