HomeSaudi EXIM bank allocates $146m to SMEs to encourage exportsSaudi EXIM bank allocates $146m to S

JEDDAH: The Saudi Export-Import Bank allocated around SR250 million ($66.6 million) for small and medium enterprises in the first quarter of 2022 — and plans to earmark another SR300 million by the end of the year.

“About 42 percent of our client base currently are SMEs. From the bank’s inception to the end of 2021, we approved over SR1.2 billion for them,” Saad Alkhalb, CEO of Saudi EXIM Bank, told Arab News.

Check : https://www.arabnews.com/node/2069806/business-economy