Saudia raises US$3B to fund aircraft orders | FI SENSE
Manchester, United Kingdom - May 11, 2017: Saudia Boeing 787-9 Dreamliner wide-body passenger plane (HZ-ARD) taxiing on Manchester International Airport tarmac.

Saudia Boeing 787

State-owned Saudi Arabian Airlines (Saudia) has signed a financing agreement worth 11.2 billion riyal ($3 billion) to partially finance requirements for aircraft it has ordered, the state airline said in a statement.

The amount covers the airline’s aircraft financing requirements until mid-2024, helping finance the purchases of 73 aircraft, previously ordered, it said in a statement.

The agreements 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, it said.

myfisense

myfisense


Leave a Reply

Your email address will not be published. Required fields are marked *

FI Sense

FREE
VIEW