Riyadh: Saudi Export-Import (EXIM) Bank has announced signing a new credit line agreement, worth SAR75 million, with the Iraqi Islamic Bank for Investment and Development to finance Saudi exports.

EXIM Bank CEO Eng. Saad bin Abdulaziz Al-Khalb and Managing Director of Iraqi Islamic Bank for Investment and Development Humam Thamer Kazem signed the agreement on behalf of their respective sides.

Al-Khalb said that the new agreement is an extension of the strategic partnership with the Iraqi bank, which aims to open investment aspects that can enhance commercial relations between Saudi Arabia and Iraq.