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Saudi Export Bank Reports 18% Credit Growth
The Saudi Export and Import Bank provided credit facilities amounting to 27.94 billion riyals during the first half of 2026, representing an increase of 18.34% compared to the same period in 2025. This initiative aims to support the growth of non-oil Saudi exports and enhance their global competitiveness. The facilities were distributed between export insurance valued at 19.74 billion riyals and export financing amounting to 8.2 billion riyals. There was a 20.8% growth in facilities during the first quarter of 2026 compared to the same period in 2025, which totaled 13.23 billion riyals—of which 4.33 billion riyals were for financing requests and 8.9 billion riyals for export coverage through insurance. Since its establishment, the bank has provided a total of 129.5 billion riyals in facilities to date.
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