RIYADH: Saudi Exim Bank has announced that it signed a memorandum of understanding with HSBC Bank and Saudi British Bank to advance trade and export financing and credit insurance, Arab News reported.

The partnership is in line with the Saudi Exim Bank’s objectives to boost the export of Saudi products and services.

Bank’s CEO Saad Alkhalb said that the collaboration with HSBC and SABB is a significant step towards achieving the Exim Bank’s goal to build effective partnerships with the national and international financial institutions.

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