Saudi Arabia will establish an export bank with capital of $8 billion to support overseas sales by its industrial and mining projects, energy, industry and mineral resources minister Khalid al-Falih said on Wednesday.



“A bank for exports with a capital of 30 billion (riyals) will be established to encourage and support exports, and 5 billion riyals have been allocated as a first instalment this year,” he said in a speech.

Last Update: Wednesday, 20 May 2020 KSA 09:51 - GMT 06:51