banking

STIR signs $200-million financing agreement with Saudi Exim Bank

January 11, 2022

TAP) - The Tunisian Company of Refining Industries (STIR) and the Saudi Export-Import Bank (Exim Bank), on Monday, signed a financing agreement worth $200 million (576 MD), the Ministry of Economy and Planning said in a statement.

The budget is intended to finance the Saudi oil derivatives imported by the Tunisian company.

The agreement was inked by CEO of the STIR Fakhta Mahouachi and CEO of the Exim Bank Saad bin Abdulaziz Alkhalb.

Minister of Economy and Planning Samir Saied, who chaired the signing ceremony, stressed the significance of this agreement, which concretises the deep relations of cooperation and fraternity between the two countries and the common will to boost partnership in various fields.

He spoke about the outcome of the last Tunisian-Saudi committee meeting that led to the signing of several agreements and MoU in various fields.

For his part, the Exim Bank's CEO expressed his institution's commitment to help Tunisian public and private companies, by providing financial services to strengthen their ability to contribute to the development of the national economy, according to the same source.

tap.info

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