Housing Bank and Saudi EXIM Bank Sign $10 Million Financing Agreement - Jordan News
Housing Bank and Saudi EXIM Bank Sign $10 Million Financing Agreement Housing Bank has signed a $10 million credit line agreement with the Saudi Export-Import Bank (Saudi EXIM Bank) to finance the import of Saudi-origin goods and products by the bank's clients. This initiative aims to boost the flow of non-oil Saudi imports into Jordan and strengthen trade ties between the two countries. اضافة اعلان The agreement was signed at Saudi EXIM Bank's headquarters in Riyadh by Mohammed Naser Abu Zahra, Executive Vice President and Head of Corporate Banking at Housing Bank, and Eng. Abdullatif Al-Ghaith, Director General of the Lending Department at Saudi EXIM. This partnership reflects Housing Bank's ongoing commitment to enhancing financial inclusion by expanding its lending portfolio and financing solutions, particularly for Jordanian importers working with Saudi exporters. Saudi Arabia remains the leading exporter to the Jordanian market. The agreement is expected to meet the rising demand for Saudi goods in Jordan and foster new export opportunities for Jordanian businesses. It also supports the transportation and trade sectors, aligning with the Central Bank of Jordan's vision of offering practical financing tools that ease access to liquidity and reduce logistical challenges. It is worth noting that Housing Bank provides a comprehensive suite of services to support businesses and merchants, including financing, credit, and guarantee programs, as well as facilities, advanced digital services, and a wide array of commercial solutions.
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