Saudi Export-Import (Exim) Bank has announced the signing a new credit line agreement, worth SR75 million ($20 million) with the Iraqi Islamic Bank for Investment and Development to finance Saudi exports.

 

The pact was inked by Exim Bank CEO Engineer Saad bin Abdulaziz Al Khalb and Iraqi Islamic Bank for Investment and Development Managing Director Humam Thamer Kazemm, reported SPA.  

 

This is an extension of the strategic partnership with the Iraqi bank, which aims to open investment aspects that can enhance commercial relations between Saudi Arabia and Iraq, it added.