The Saudi Export-Import Bank (Saudi EXIM), established in February 2020, plays a pivotal role in advancing the Kingdom’s Vision 2030 economic diversification strategy. Its mission is to boost non-oil exports, enhance their competitiveness in global markets, and bridge financing gaps for Saudi businesses.
Operating under the National Development Fund (NDF) and led by CEO H.E. Eng. Saad bin Abdulaziz Alkhalb, Saudi EXIM provides trade finance, export credit insurance, and tailored financial solutions for both Saudi exporters and international buyers of Saudi goods and services.
By aligning with global best practices, Saudi EXIM collaborates with commercial banks, financial institutions, and global trading houses to deliver integrated financing and risk management services. As a member of Aman Union, G-NEXID, and the Berne Union, the Bank strengthens its international credibility and positions Saudi products on the global stage.
Saudi EXIM directly supports Vision 2030’s goal of raising the non-oil sector’s GDP contribution from 16% to 50% by 2030. Since its inception, it has extended over USD 22 billion in credit facilities and earned an A+ rating from Fitch with a stable outlook.
In 2024, the Bank achieved record growth with USD 8.93 billion in credit facilities, a 103% increase compared to 2023. This included USD 3.19 billion in direct export financing and USD 5.75 billion in export credit insurance, lifting its contribution to total non-oil export credit to 7.66%.
Saudi EXIM has signed more than 70 MoUs and forged partnerships with global leaders such as Trafigura, Glencore, and Allianz Trade. A landmark deal with SABIC created the Middle East’s largest letter of credit insurance agreement.
Through its Bridges Initiative (Jusoor), the Bank supports local manufacturers by streamlining the import of raw materials and equipment from over 70 countries, with a focus on key industries such as mining, aviation, automotive, and renewable energy.
Looking ahead, Saudi EXIM remains committed to empowering exporters, fostering international partnerships, and delivering innovative financial solutions that align with Saudi Arabia’s long-term development objectives.
