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Saudi Export Bank Credit Surpasses 150B

Saudi Export Bank Credit Surpasses 150B

The Export-Import Bank of Saudi Arabia has achieved a significant milestone by reaching total credit facilities granted since its inception to over 150 billion riyals, aimed at boosting non-oil Saudi exports and expanding their presence in global markets. Over the past 18 months, the bank has provided more than 50 billion riyals in facilities, with total facilities reaching 100 billion riyals last year, reflecting its strategy to support economic development in line with Saudi Vision 2030. The bank's goal is to empower exporting companies through comprehensive credit solutions and facilitate their access to international markets, which demonstrates the government's ongoing support for economic diversification.

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