Saudi EXIM, Advanced ink export credit insurance policy worth over SAR 800M

The Saudi Export-Import Bank (Saudi EXIM) signed an export credit insurance policy with Advanced Petrochemical Co., valued at more than SAR 800 million.

The policy aims to cover the risk of non-payment by international buyers for petrochemical products, thus helping enhance the sustainability of the company’s export activities and support its expansion plans in global markets, within a framework that strengthens confidence and security in export operations, state-run news agency SPA reported.

The signing of this policy comes as part of the Saudi EXIM’s ongoing efforts to provide insurance and financing solutions that enable Saudi non-oil exports and expand their presence in international markets, in alignment with the objectives of Saudi Vision 2030.