Saudi EXIM Bank Provides Financing for 89 Requests with a Total Value of More than SAR 8.95 Billion

Riyadh, October 6, 2021, SPA -- The Saudi Export-Import Bank (Saudi EXIM Bank) released a bulletin on the bank’s performance by the end of September of Fiscal Year 2021. The bulletin highlights the bank’s most significant achievements, within the framework of its commitment to the values of transparency and accuracy with regard to the financing and insurance products it offers. The bulletin also sheds light on the Saudi EXIM Bank’s efforts to support the Saudi exporters and export of Saudi non-oil products, as this also falls within the bank’s endeavors to be a major contributor to the development of the national economy and raise the Saudi non-oil exports’ share from about 16% to 50% of non-oil GDP in accordance with the goals of the Kingdom's Vision 2030. The Saudi EXIM Bank announced that the total number of approved financing requests increased to 89, with a total value of more than SAR 8.95 billion. According to the bank, the small and medium enterprises (SMEs) constitute 51% of the total requests. The bank also launched nine financing and insurance products to meet the different needs of Saudi exporters. The Saudi EXIM Bank’s products also contributed to exporting to 50 countries across the globe. China and India, Belgium, Republic of Korea, the United States of America, the United Arab Emirates, Netherlands, Singapore, Taiwan and Egypt are among the top 10 destinations for the Saudi exports. --SPA