credit

Saudi EXIM inks $51m in credit deals with Turkiye to enhance trade ties

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RIYADH: Trade ties between the Kingdom and Turkiye are set to improve after the Saudi EXIM Bank inked credit deals worth $51 million with two financial institutions in the country. Under the terms of the first contract with Turkiye Finans Katilim Bankasi, the designated amount is set at $26 million, while the second agreement with Albaraka Turk Katilim … Read more

S&P elevates Tawuniya’s credit rating to ‘A’ with ‘Stable’ outlook

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RIYADH: Saudi Arabia’s National Debt Management Center concluded its riyal-denominated sukuk issuance for December at SR10.53 billion ($2.81 billion), marking an increase of 295 percent compared to the previous month.  In November, Saudi Arabia’s sukuk issuance amounted to SR2.66 billion, while in October, it was SR3.98 billion.   The offerings in December, with total bids received … Read more