Saudi's Sadirat signs MoU with Iraqi bank to support exports

Industrial exports company said the MoU with the bank was signed to cooperate and provide financial solutions for exports from the kingdom to Iraq

  
Saudi traders monitor stocks at a Saudi Bank in Dammam October 26, 2008.

Saudi traders monitor stocks at a Saudi Bank in Dammam October 26, 2008.

REUTERS/Stringer

Saudi Industrial Exports Company (Sadirat) has signed a non-binding MoU with International Development Bank for Investment and Finance in Iraq to support exports from Saudi to Iraq.

In a statement to the Saudi Stock Exchange Tadawul, Sadirat said that the bank was the largest in asset terms in Iraq in 2021, valued at IQD 132 trillion ($90 billion).

(Writing by Imogen Lillywhite; editing by Daniel Luiz)

Imogen.lillywhite@refintiv.com

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