Saudi EXIM Bank and Trafigura Sign Credit Facility Agreement
Retrieved on:
Monday, October 23, 2023
The Saudi Export-Import (Saudi EXIM) Bank has signed an agreement with Trafigura, a market leader in the global commodities industry, to extend a three-year credit facility of USD 500 million.
Key Points:
- The Saudi Export-Import (Saudi EXIM) Bank has signed an agreement with Trafigura, a market leader in the global commodities industry, to extend a three-year credit facility of USD 500 million.
- View the full release here: https://www.businesswire.com/news/home/20231023095795/en/
Dr. Naif Al-Shammari, Deputy CEO of Saudi EXIM Bank and Christophe Salmon, CFO of Trafigura during the signing ceremony (Photo: AETOSWire)
In the presence of Mr. Jeremy Weir, Executive Chairman and CEO of Trafigura, the agreement was signed by Dr. Naif Al-Shammari, Deputy CEO of Saudi EXIM, and Christophe Salmon, CFO of Trafigura. - This agreement shall facilitate the purchase of domestically produced commodities from the Kingdom of Saudi Arabia and enable Trafigura to connect Saudi producers to more than 156 markets worldwide.
- Commenting on the agreement, Dr. Al-Shammari said: “Such credit facilities come as part of our ongoing efforts to expand the global reach of Saudi exports.