on Rektron Group Inc.
Rektron Secures USD$50 Million Credit Facility with Saudi EXIM Bank
Rektron Group Inc., a global commodities trading company based in Vancouver, has announced a USD$50 million credit facility through its subsidiary, DL Hudson Limited, with Saudi EXIM Bank. This agreement enables DL Hudson to finance the purchase of Saudi products for global distribution, aligning with Saudi EXIM's objectives to promote local non-oil exports. The revolving facility features an interest rate of SOFR + 1.45% and is valid for 12 months.
The collaboration will support Rektron's operations across various international markets, emphasizing their geographical and product diversification strategy. This move comes as part of Rektron's efforts to enhance its trading capabilities in energy and metals sectors. The company highlights its commitment to compliance with international trade regulations.
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