Riyadh, Saudi Arabia — The Saudi Export-Import Bank has signed a $10 million credit line agreement with Jordan’s Housing Bank for Trade and Finance. The Saudi EXIM credit line aims to support Saudi non-oil exports and strengthen trade with Jordan.
The agreement was signed at Saudi EXIM’s headquarters in Riyadh. Representing the banks were Abdulatif Al-Ghaith, General Manager of Finance at Saudi EXIM, and Nasser Abu Zahra, Executive Vice President of Corporate Banking at Housing Bank.
According to Al-Ghaith, the Saudi EXIM credit line reflects the bank’s commitment to enabling local exporters to reach promising markets. He noted that it falls within a broader strategy to boost trade flows and build strategic partnerships with global financial institutions.
Abu Zahra stated that the agreement will expand financing options for Jordanian importers who work with Saudi suppliers. This, he added, will help streamline cross-border trade and promote deeper economic cooperation between the two countries.
The new facility will also contribute to the goals of Vision 2030. It supports the diversification of Saudi Arabia’s economy by increasing the competitiveness of non-oil exports. Additionally, the agreement creates added value through international collaboration.
Ultimately, the deal reinforces Saudi EXIM’s role in expanding the reach of Saudi products and services across the region. It also marks another step in the Kingdom’s efforts to create sustainable, export-driven growth.
