Riyadh - Sharikat Mubasher: Saudi Export-Import Bank (EXIM Bank) signed a memorandum of understanding (MoU) with Hana Financial Group, a Seoul-based leading financial holding company, to explore joint businesses in Saudi Arabia and the Middle East, the South Korean firm announced in a statement.
The signing ceremony was held at EXIM Bank's headquarters and attended by Saad Al-Khalb, the CEO of EXIM Bank, Lee Eun-hyung, the Vice Chairman of Hana Financial Group, and the South Korean Ambassador to Saudi Arabia, Park Joon-yong.
Through the MoU, both parties aim to enhance cooperation in various fields and jointly identify global projects in the Middle East region, offering support in terms of funds, credit lines and guarantees to their respective global network, and providing financial solutions and expertise to companies in both countries.
Hana Group also pledges to offer specialized financial services to businesses looking to expand their footprint in the Middle East.
"I am grateful that Hana found a true partner in the financial sector through this visit, especially as collaborations between Korea and Saudi Arabia are diversifying," Lee said.
"Hana was at the forefront of supporting Korean firms entering the Middle East market back in the 1970s. In keeping with that tradition, we are committed to backing Korean businesses financially, fostering a second ― and even a third Middle East boom," he added.
