Saudi EXIM Bank facilities exceed SAR 150 billion since establishment
More than SAR 50 billion was provided over 18 months to support Saudi non-oil exports and their global expansion.
Akhbar Al Watan 24 — News Monitoring
Saudi EXIM Bank announced that the credit facilities it had provided since establishment exceeded SAR 150 billion, supporting the Kingdom's non-oil exports, according to the bank's announcement reported by Sabq.
The total included more than SAR 50 billion in facilities over 18 months, following the announcement of the SAR 100 billion milestone the previous year.
The bank provides export financing, guarantees and export-credit insurance to help address funding shortages and manage international trade risks.
Operating under the supervision of the National Development Fund, the bank aims to support Saudi exporters, improve access to new markets and increase the competitiveness of national products and services.