{"id":93633,"date":"2025-01-22T00:00:00","date_gmt":"2025-01-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/01\/22\/saudi-exim-inks-usd-15-mn-credit-line-agreement-with-bank-al-falah\/"},"modified":"2025-01-22T00:00:00","modified_gmt":"2025-01-22T00:00:00","slug":"saudi-exim-inks-usd-15-mn-credit-line-agreement-with-bank-al-falah","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/01\/22\/saudi-exim-inks-usd-15-mn-credit-line-agreement-with-bank-al-falah\/","title":{"rendered":"Saudi Exim inks USD 15 mn credit line agreement with Bank Al Falah"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DEBT WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Saudi Export-Import Bank (Saudi Exim) signed a USD 15 mn credit line agreement with <\/strong><strong>Pakistani private lender Bank Al Falah<\/strong> to support Saudi non-oil exports to the South Asian country, according to <a target=\"_blank\" href=\"https:\/\/x.com\/SaudiEXIM\/status\/1881408426359820323\" style=\"\" rel=\"noopener\">a post on X<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TOURISM-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A rural tourism initiative coming to Taif tomorrow: <\/strong>The Sustainable Agricultural Rural Development Program (Saudi Reef) will roll out an initiative on Wednesday to promote rural tourism in Taif, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N2246738\" style=\"\" rel=\"noopener\">state news agency SPA<\/a> reports. The initiative will offer interactive activities and sessions on traditional farming practices. It will also feature 22 booths showcasing roses, aromatic plants, and handicrafts, among others.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HEALTHCARE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.smeh.com.sa\/en\" style=\"\" rel=\"noopener\">Scientific and<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.smeh.com.sa\/en\" style=\"\" rel=\"noopener\">Medical Equipment House<\/a><\/strong><strong> was awarded a SAR 105.1 mn <\/strong>contract by <a target=\"_blank\" href=\"https:\/\/careers.rfhc.gov.sa\/\" style=\"\" rel=\"noopener\">Riyadh\u2019s First Health Cluster<\/a> to maintain and repair medical equipment at several hospitals affiliated with the cluster, it said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=84832&anCat=1&cs=4014&locale=en\" style=\"\" rel=\"noopener\">a disclosure<\/a> to Tadawul. The five-year contract, which kicks in 2Q 2025, covers King Salman Hospital, Al-Iman Hospital, Imam Abdulrahman Al-Faisal Hospital, Convalescent Hospital, and the Dental Complexes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE-based <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ecocoast.com\/\" style=\"\" rel=\"noopener\">The Marine Barrier Company (Ecocoast)<\/a><\/strong><strong> opened<\/strong><strong> a new factory in Yanbu <\/strong><strong>Industrial City<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/ecocoast-opens-new-factory-in-saudi-arabia-to-support-vision-2030-and-strengthen-local-operations-isgcq1ab\" style=\"\" rel=\"noopener\">a press release<\/a>. The facility, located along the Red Sea coast, will produce a variety of marine barriers and offer turnkey marine solutions and 24\/7 operational support. The facility, currently operational, will officially see a grand opening next month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MINING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Six local and global mining companies qualified for the government\u2019s Exploration<\/strong> <strong>Enablement Program (EEP)<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/mimgov\/status\/1881440550924243455\" style=\"\" rel=\"noopener\">post on X<\/a> from the Industry and Mineral Resources Ministry. The qualified companies are homegrown <a target=\"_blank\" href=\"https:\/\/ajlanbros-holding.com\/\" style=\"\" rel=\"noopener\">Ajlan & Bros Holding<\/a>, <a target=\"_blank\" href=\"https:\/\/gmco.com.sa\/ar\/%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3%D9%8A%D8%A9\/\" style=\"\" rel=\"noopener\">Gold and Minerals Company (GMCO)<\/a>, <a target=\"_blank\" href=\"https:\/\/amak.com.sa\/\" style=\"\" rel=\"noopener\">Amak Mining Company<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.maaden.com.sa\/\" style=\"\" rel=\"noopener\">Ma'aden<\/a>, along with Jersey-based <a target=\"_blank\" href=\"https:\/\/www.royalroadminerals.com\/\" style=\"\" rel=\"noopener\">Royal Road Minerals<\/a>, and UK-based <a target=\"_blank\" href=\"https:\/\/www.evmetalsgroup.com\/\" style=\"\" rel=\"noopener\">EV Metals Group (EVM<\/a><a target=\"_blank\" href=\"https:\/\/gmco.com.sa\/ar\/%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3%D9%8A%D8%A9\/\" style=\"\" rel=\"noopener\">)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TRADE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Jouf Cement to export its products to Syria:<\/strong> Al Jouf Cement Company and Mohammed Shahi Al Ruwaili Contracting inked a SAR 38 mn contract to export cement and clinker goods to Mohammed Shahi Al Ruwaili Contracting, which will then export the products to Syria, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=84822&anCat=1&cs=3091&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The agreement will go into effect from 2 February 2025 until 28 February, 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Kingdom has been pressing the west to ease sanctions on Syria<\/strong> to boost reconstruction efforts, arguing that \u201csanctions will hinder the aspirations of the Syrian people to achieve development,\u201d Foreign Minister Faisal bin Farhan Al Saud said last week, according to <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/syria-talks-being-held-riyadh-with-western-regional-participation-2025-01-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A rural tourism initiative is also coming to Taif tomorrow<\/p>\n","protected":false},"author":1,"featured_media":93634,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[478,54,3739,10,3738,50,1237,2985,7],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-93633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-agriculture","tag-also-on-our-radar","tag-ecocoast","tag-enterpriseam-ksa","tag-exploration-enablement-program-eep","tag-mining","tag-saudi-exim-bank","tag-scientific-medical-equipment-house","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"beb497de-1bf6-4d29-813c-7f14988ea312","order":"12","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/1\/1539.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Saudi Exim inks USD 15 mn credit line agreement with Pakistan\u2019s Bank Al Falah","related_issue":[93611],"teaser":"A rural tourism initiative is also coming to Taif tomorrow","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.92c41f97-12d2-42a5-b2e4-a9ec7ad5d190.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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