Common Contracts
1 similar Financing Agreement contracts
LARGEST FINANCING DEAL IN HISTORY OF SAUDI AVIATION SECTOR - SAUDI ARABIAN AIRLINESFinancing Agreement • November 21st, 2022
Under the patronage of H.E. Minister of Transport, Chairman of the Saudi Arabian Airlines Corporation, Engr. Saleh bin Nasser Al Jasser, Saudi Arabian Airlines Corporation has signed a major financing agreement worth SAR 11.2 billion (USD 3 billion), the largest of its kind in Saudi Arabia’s aviation sector history. The agreement, which covers aircraft financing requirements, was signed in the presence of the Minister of Transport, by the Director General of Saudi Arabian Airlines Corporation H.E. Engr. Ibrahim bin Abdulrahman Al-Omar and the representatives of the six Saudi banks – Al Rajhi Bank, Saudi British Bank (SABB), Arab National Bank (ANB), Samba, Bank AlJazira, and Bank Albilad. HSBC Saudi acted as the Financial Advisor for Saudi Arabian Airlines and is the appointed Investment Agent in the transaction.
