Saudi EXIM Bank Signs Three MoUs in Berne Union Annual Meetings

Ottawa: The Saudi Export-Import Bank (Saudi EXIM) participated in the Berne Union Annual Meetings, the world's leading organization in the field of export credit and investment insurance, held in Ottawa, Canada, from October 21 to 23, 2025. The meetings brought together export credit and insurance agencies from across the globe to enhance international cooperation in export credit and insurance, and to develop the global trade finance ecosystem. According to Saudi Press Agency, the Saudi EXIM's participation aimed to expand international cooperation and build strategic partnerships that enable the access of Saudi non-oil exports to global markets and strengthen their competitiveness, in line with the bank's mandate to enhance the national economy and achieve the objectives of Saudi Vision 2030. During the meetings, Chief Risk Officer of Saudi EXIM Bank Eng. Suhaib Al-Hosainy was elected Chair of the Prague Committee of the Berne Union for the term 2025-2027 - a significant milestone that reflects the growin g international recognition of Saudi EXIM's leadership role in advancing the global export credit and insurance landscape. On the sidelines of the meetings, Saudi EXIM signed three Memoranda of Understanding (MoUs) with Czech Export Guarantee and Insurance Corporation (EGAP), Uzbekinvest Export-Import Insurance Company, and Export Development Canada (EDC). The MoUs were signed by Chief Risk Officer of Saudi EXIM Bank Eng. Suhaib Al-Hosainy, with Chairman of the Board of Directors of EGAP David Havlícek, Director General of Uzbekinvest Rustam Azimov, and Senior Vice President of International Markets at EDC Todd Winterhalt. The agreements aim to enhance cooperation in reinsurance, the exchange of expertise, joint project development, and co-financing, as well as to explore collaboration opportunities between Saudi and international companies in clean technology, advanced manufacturing, and food security. Commenting on his election, Eng. Al-Hosainy said: "I am deeply honored by the trust of the Berne Union members. We look forward to strengthening cooperation and exchanging expertise to develop innovative solutions that support the growth and sustainability of global trade." He added: "Saudi EXIM Bank's participation in the Berne Union Meetings represents an important step in consolidating its international presence and enhancing its partnerships with leading export credit and insurance institutions worldwide. The signing of these MoUs stems from a shared commitment to fostering trade relations, expanding future cooperation, and enabling Saudi exporters to reach new global markets." In addition, Saudi EXIM's delegation held bilateral meetings with representatives of international organizations, export credit agencies, and global financial and trade institutions to explore ways to strengthen trade relations and identify opportunities for collaboration across sectors, thereby enhancing the flow of Saudi non-oil exports to global markets.