Saudi Railway Company secures CHF254 million facility for 10 trains
Latham reported an export-credit facility backed by Swiss export-risk insurance and a group of banks.
Source review period: 2026-10-01
Published: · Updated:
The source does not state the event date; the period shown is the source review period.
Latham & Watkins said on October 1 that it advised Saudi Railway Company (SAR) on a CHF254 million export-credit facility. The facility is backed by Swiss Export Risk Insurance and a group of banks including KfW IPEX-Bank, Commerzbank and UBS Switzerland.
Latham said the financing will fund 10 new passenger trains from Swiss manufacturer Stadler. SAR described the purchase as part of its plans to expand and develop its passenger fleet. This financing concerns the initial 10-train purchase; it is separate from SAR’s later exercise of an option for 10 additional trains, announced on October 9.
Data
Financing scope
Facility amount and number of vehicles financed for the initial train purchase.
- Export-credit facility amount
- 254,000,000 CHF
- 2026-10-01 · Observed
- Passenger trains financed
- 10 count
- 2026-10-01 · Observed
Methodology
Latham’s October 1 advisory announcement states CHF254 million and 10 trains. This is for the initial purchase of 10 trains, not Stadler’s additional 10-train option announced October 9.
Updated:
Subjects and places
Subject proposals
- InsuranceSuggested
- Subject suggested from the title or summary: insurancewww.lw.com ↗
- Infrastructure projectsSuggested
- Preserved editorial category/topic; broad candidate onlywww.lw.com ↗
- Railway transportSuggested
- Subject suggested from the title or summary: Railwaywww.lw.com ↗
Geographic references
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- Saudi Arabia · Place role: Coverage · Place type: Country or area · Location precision: RegionalEvidence
- Explicit preserved editorial country/region; no city or national centroid inferredwww.lw.com ↗