The Saudi Export-Import Bank (Saudi Exim)
has signed an agreement with Etihad Credit Insurance (ECI) in bid to boost
cooperation in several areas, including export financing and insurance. This includes insurance against export
credit risks and enabling small and medium enterprises to export,
reported SPA.
During the event, Saudi Exim will be collaborating
on strengthening export credit systems in global trade and developing trade
relations and partnerships. These partnerships aim to empower Saudi non-oil
exports in global markets. Saudi Exim
Bank CEO Engineer Saad bin Abdulaziz Al Khalb and Etihad Credit Insurance CEO
Raja Al Mazrouei attended the signing.
Engineer Al Khalb participated in a panel
discussion at the meeting where he spoke about the bank providing credit
facilities worth $1.2 billion to international export houses to face global trade
challenges. He affirmed the bank's
commitment to enhancing international cooperation and expanding its strategic
partnerships.
He also stressed that the bank's role
aligns with Saudi Arabia's commitment to renewable energy transformation by providing
financial products that support sustainable business practices and that all
renewable energy investments are a high priority for the bank, reported SPA.
The bank held extensive meetings with representatives of export credit
agencies and financial and commercial institutions from around the world to enhance trade exchange opportunities,
build bridges of communication to develop international economic and trade
relations, enable local exporters to increase their export activities and
enhance the access of Saudi non-oil exports to global markets, it added.