Signing of the insurance policy
National Industrialization Co. (Tasnee) inked an export credit insurance (ECI) policy worth SAR 500 million with the Saudi Export-Import Bank (Saudi EXIM Bank), the company announced in a tweet.
The step aims to boost Tasnee’s market share and its presence in the external markets, in line with Saudi Vision 2030.
Saudi EXIM Bank provided SAR 10 billion worth of finance for 125 applications by the end of 2021, Argaam reported.
The bank provides credit solutions to Saudi importers and exporters in the markets, which import from Saudi Arabia, to raise enhance the competitiveness of local products globally.
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