Amman: 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. This initiative aims to increase the flow of non-oil Saudi exports to the Jordanian market and strengthen bilateral trade ties.
According to Jordan News Agency, 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 is aligned with Housing Bank's efforts to promote financial inclusion by expanding its lending portfolio and enhancing financial solutions for Jordanian importers working with Saudi exporters. Saudi Arabia remains one of Jordan's top trading partners.
This credit facility is designed to meet the rising demand for Saudi imports in Jordan and create new opportunities for Jordanian exports. It aims to stimulate trade activity and the transportation sector. The partnership supports the Central Bank of Jordan's strategy to provide accessible and efficient financing tools, helping traders overcome logistical challenges and maintain liquidity.