Wednesday, July 22, 2026

Al Jazeera - Economy:

The Saudi Export-Import Bank has concluded a credit line agreement with Al-Mansour Investment Bank of Iraq, aiming to enhance the access of Saudi non-oil exports to Iraqi markets and develop trade exchange between the Kingdom of Saudi Arabia and the Republic of Iraq.

Credit and Lending

The agreement was signed by His Excellency the CEO of the Saudi Export-Import Bank, Engineer Saad bin Abdulaziz Al-Khalb, and the General Manager of Al-Mansour Investment Bank of Iraq, Dr. Waleed Abdelnour, at the bank's headquarters in the capital Riyadh.

The agreement comes in implementation of the Saudi Export-Import Bank's strategy aimed at creating qualitative credit solutions to develop Saudi non-oil exports and enhance their competitiveness in global markets by building effective strategic partnerships with international financial institutions.

This agreement represents a practical step to enable the growth of national export flows and enhance their competitiveness in Iraqi markets by stimulating Iraqi buyers to import Saudi products and services, thereby opening greater opportunities for local exporters to expand their export activities to the Republic of Iraq.

Engineer Al-Khalb affirmed that this agreement reflects the Saudi Export-Import Bank's commitment to enabling Saudi non-oil exports and opening new pathways for local exporters toward regional markets, foremost among them the Iraqi market, contributing to the development of trade exchange and strengthening economic relations between the two countries.

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