Saudi EXIM Bank, DL Hudson sign $50M credit facility agreement

Logo of The Saudi EXIM Bank

The Saudi EXIM Bank signed a $50 million credit facility agreement with DL Hudson Limited, which aims to promote the growth of Saudi non-oil exports by connecting local exporters with international buyers in more than 22 markets around the world.

Under the agreement, the Saudi EXIM Bank, through the International Buyer Finance Product, will provide financing to DL Hudson Limited to purchase Saudi products and distribute them to its customers across various global markets, Saudi Press Agency reported.

Director General of the Finance Department at the Saudi EXIM Bank, Abdulatif Al-Ghaith said: "This agreement comes within the framework of the bank's endeavor to provide financing solutions that contribute to the development of Saudi non-oil exports and enhance their competitiveness in global markets, highlighting the agreement’s role in promoting exports across several key national economic sectors and create new trade opportunities for local exporters by linking them to many global markets".