SAMI signs 3 financing agreements worth SAR 7 bln with local banks

10/03/2022 Argaam

Logo of Saudi Arabian Military Industries (SAMI) 

Saudi Arabian Military Industries (SAMI) signed three separate financing agreements with Saudi National Bank, Banque Saudi Fransi and Gulf International Bank KSA, at a total value of nearly SAR 7 billion.

 

These agreements will contribute to the company's future projects related to the localization of defense industries, infrastructure development, acquisitions and working capital financing, the company said.

 

SAMI also confirmed that it will continue to build strategic partnerships with local and international financial institutions to secure financing for many of its projects in the near future, with the aim of strengthening the defense industries sector in the Kingdom, in line with Vision 2030

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