Saudi Arabia’s Investment in Ukrainian Bank

by Olha Povaliaieva
Tuesday, October 19, 2021
Saudi Arabia’s Investment in Ukrainian Bank

"Ukreximbank" shall receive investments from "SAUDI Exim Bank" in the amount of $25 million

SAUDI Exim Bank, an export-import bank of Saudi Arabia, is investing $25 million in a Ukrainian state-owned bank to assist participants in the Ukrainian-Arabian business in Ukraine.

It should be noted that this tranche is the first stage in the program to support importers in the market of our country.

"The beginning of our cooperation with Saudi Exim Bank will give impetus for the further development of international cooperation between Ukraine and the Kingdom of Saudi Arabia, will contribute to the implementation of joint projects in various sectors of the economy and the strengthening of trade ties, which have been developing intensively in recent years," said deputy chairman of the board of Ukreximbank Oleksandr Schur.

The financing agreement was signed on October 13 during a meeting of the Berne Union members in Budapest. It is noteworthy that this is the first framework agreement between Ukreximbank and the financial institutions of Saudi Arabia.

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