Saudi EXIM Bank seeks to provide SAR 20B financing in 2024: CEO

Saudi EXIM Bank managed to find credit solutions of over SAR 10 billion during the first four months of 2024. It aims to provide a financing and insurance value for industrialists of around SAR 20 billion by year-end, CEO Saad Alkhalb told Asharq Alawsat newspaper.

The bank aims to quadruple the target figure by 2030.

Saudi EXIM offers various products that help Saudi exporters expand globally and mitigate export risks for them. This move helps them expand their global reach, increase their market share in globally, and enter new markets.

Sustainable development comes from business continuity, as opening up new and diverse markets for Saudi manufacturers and exporters contributes to this for many years, Alkhalb added.