Today, Sunday, the Saudi Export-Import Bank announced the signing of a credit line agreement with the Iraqi Islamic Investment Bank.
He added on Twitter that the agreement, signed by the bank’s CEO Saad Al-Halab, aims to “expand export traffic and develop trade relations between the Kingdom and Iraq.”
His Excellency General Manager, Eng. Saad Al-Halab signs a credit line agreement with the Iraqi Islamic Investment and Development Bank aimed at expanding exports and developing trade relations between the Kingdom and Iraq.#Expand Globally pic.twitter.com/vELxwSBY7j
— Saudi Export-Import Bank (@SaudiEXIM) March 26, 2023
The Saudi Export-Import Bank and the Arab National Bank (ANB) entered into a cooperation agreement and an insurance policy on documentary letters of credit, and also provided credit solutions to Saudi exporters.
The agreement aims to support Saudi Arabia’s non-oil exports, create conditions for their increase and increase their contribution to the gross domestic product in line with the goals of Vision 2030, as well as expansion into new markets at the regional and international levels.