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KSA to establish SAR 30bn export bank for supporting industry – Al-Falih

KSA to establish SAR 30bn export bank for supporting industry – Al-Falih
KSA to establish SAR 30bn export bank for supporting industry – Al-Falih

Riyadh – Mubasher: Saudi Arabia will build an export bank with a capital of SAR 30 billion ($8 billion), said on Wednesday the Saudi minister of Energy, Industry and Mineral Resources, Khalid Al-Falih.

“A bank for exports with a capital of 30 billion (riyals) will be established to encourage and support exports, and 5 billion riyals have been allocated as a first installment this year,” Reuters reported, citing Al-Falih as saying.