8 Hrs
Source:
البلاد
ExportBank offers over 150B riyals credit
The Saudi Export and Import Bank has achieved a significant milestone, reaching a total of over 150 billion Riyals in credit facilities since its establishment. This aims to support the growth of non-oil Saudi exports and expand their presence in global markets. In just 18 months, the bank provided facilities exceeding 50 billion Riyals, and last year, the total reached 100 billion Riyals, reflecting its commitment to supporting economic development in line with Saudi Vision 2030. The bank's goal is to finance exports, provide guarantees, and insure export credits for exporters and financial institutions, with the aim of bridging financing gaps, reducing commercial risks, and enhancing the global competitiveness of domestic products.
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