FINANCIAL NEWS

Saudi Arabia signs USD 75mn deal with Senegal

27 Feb 2016

(MENAFN) Saudi Arabia signed a USD 75mn financing agreement with the government of Senegal, with Suneor (the main player in the Senegalese sector).

Moreover, the deal aims at financing a significant part of the 2015-2016 groundnut campaign, which offered USD 30mn facility to the government of Senegal.

The new USD 75mn financing will permit Suneor to trade and process more than 150,000 tons of groundnuts into groundnut oil and cake.

Additionally, the whole output of the country for the 2015-2016 season is predicted to be exceptional and reach 1,000,000 tons.

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