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20-03-21
Saudia signs financing deal valued at USD3B
(MENAFN)According to the Saudi airline, the country inked a financing deal valued at 11.2 billion riyals (USD3 billion) to finance needs for aircraft it has ordered.
It further stated that the total covers the airline's aircraft financing needs until mid-2024, supporting finance the purchases of 73 aircraft.
It added that the deals were signed with Al Rajhi Bank, Saudi British Bank (SABB), Arab National Bank (ANB), Samba, Bank AlJazira, and Bank Albilad, while HSBC Saudi advised on the deal
The airline demanded Airbus A320neo, A321neo, A321XLR, and Boeing 787-10 jets.
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