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  • 21-03-21

    Saudia inks financing deal valued at USD3 billion

    (MENAFN)According to the state airline, Saudia inked a financing deal valued at 11.2 billion riyals (USD3 billion) to partially finance supplies for aircraft it has demanded.

    It further stated that the total covers the airline's aircraft financing supplies until mid-2024, supporting finance the purchases of 73 aircraft, before ordered.

    It added that the deal was inked 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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