Amman, May 28 (Petra) – Housing Bank has signed a $10 million credit line agreement with the Saudi Export-Import Bank (Saudi EXIM) to finance Jordanian importers of Saudi-origin goods, in a move aimed at increasing the flow of non-oil Saudi exports to the Jordanian market and strengthening bilateral trade ties.

The agreement was signed by Mohammed Nasser Abu Zahra, Executive Vice President and Head of Corporate Banking at Housing Bank, and Abdulatif Al-Ghaith, General Manager of the Financing Department at the Saudi Export-Import Bank.

The initiative aligns with Housing Bank’s efforts to promote financial inclusion by expanding its lending portfolio and enhancing its range of financial solutions, particularly for Jordanian importers working with Saudi exporters. Saudi Arabia is one of Jordan’s top trading partners.

This credit facility is expected to help meet the rising demand for Saudi imports in Jordan and create new opportunities for Jordanian exports by stimulating trade activity and the transportation sector. The partnership also aligns with the Central Bank of Jordan’s strategy to support accessible and efficient financing tools that help traders overcome logistical challenges and maintain liquidity.

//Petra// AF

28/05/2025 21:41:20