Saudi EXIM Bank signs $26 mln deal with Turkey to finance non-oil exports

24/12/2022 Argaam
The signing of the agreement

The signing of the agreement

Saudi Export-Import (EXIM) Bank has signed a $26 million financing line agreement with Turkyie Finance Katilim Bank to finance Saudi non-oil exports to Turkey.

 

This is the first direct financing agreement for Saudi non-oil exports to Turkey.

The EXIM Bank also signed an agreement with the Turkish Export Bank that allows cooperation in several fields, including exchanging of experiences and promoting export movement between the two countries.

 

The two agreements come within the framework of Saudi partnerships with Turkish financial institutions, and within the bank’s direction to develop its local and foreign partnerships.

 

The pacts aim to provide sustainable financing solutions, credit and guarantee services that support the development of Saudi non-oil exports and enhance their competitiveness in global markets.

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