KSA, 23 April, 2025 : The Saudi Export-Import Bank (Saudi EXIM) provided SAR 33.53 billion in credit facilities in 2024, a 103.2% increase from SAR 16.5 billion in 2023, marking a major leap in its support for non-oil exports.
The bank’s financing covered 7.66% of total Saudi non-oil exports. Export financing disbursements rose 70% to SAR 11.96 billion, while credit insurance coverage surged 127% to SAR 21.57 billion.
To bolster international cooperation, Saudi EXIM signed 50 agreements and MoUs, including a record letter of credit insurance policy with SABIC and a $300 million credit facility with Glencore. It also signed an MoU with the U.S. EXIM Bank.
Saudi EXIM hosted the 2024 Berne Union Country Risk Specialists Meeting and launched the Kingdom’s first Graduate Development Program for Export Insurance.
As part of the National Development Fund, Saudi EXIM continues to drive the Kingdom’s Vision 2030 goals by supporting the non-oil economy and enhancing global competitiveness.
Source : www.zawya.comRelated Posts
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