Saudi EXIM Bank to offer 18 products for exporters: Exports Authority

16/11/2019 Argaam

 

Saudi exports and imports bank (EXIM) is expected to provide 18 products for exporting investors in the areas of direct and indirect financing as well as insurance, Saleh Al Salmi, the secretary general of the Saudi Export Development Authority, said.

 

The authority is currently receiving proposals from investors and businessmen and seeking their opinion regarding these products ahead of the launch of the bank, Al Salmi added.
 
EXIM will start operations soon after the completion of its regulatory procedures, which are pending final approval by the concerned authorities, he also said.
 
In end of 2017, the Saudi government announced establishing an export bank with a capital of SAR 30 million to encourage exports and support industrial and mining projects in the Kingdom.

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