EXIM Bank finances over 60 firms with SAR 6 bln since launch: SEDA

30/11/2020 Argaam

The Saudi Exports-Imports Bank (EXIM Bank) offered SAR 6 billion finance to more than 60 companies since its launch, Al Eqtisadiah reported, citing Saleh Al-Solami, Secretary-General of Saudi Export Development Authority (SEDA).

 

The bank is working to finance investors in a number of manufacturing sectors, including mining, he said, adding that the bank has several products that will be launched by the end of 2021.

 

EXIM Bank was launched at the end of 2017 with a capital of SAR 30 billion to encourage exports and support industry and mining projects in Saudi Arabia, according to data compiled by Argaam.

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