Saudi EXIM Signs MOU with Etihad Credit Insurance

The Saudi Export-Import Bank (Saudi EXIM) participated in the Berne Union's annual meeting in Hamburg, Germany, to collaborate 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. On the sidelines of the meeting, the bank signed a Memorandum of Understanding (MoU) with Etihad Credit Insurance (ECI) to enhance cooperation in several areas, including export financing and insurance. This includes insurance against export credit risks and enabling small and medium enterprises to export. The CEO of Saudi EXIM Bank, Eng Saad bin Abdulaziz Al-Khalb and the CEO of ECI, Raja Al Mazrouei attended the signing. Eng. 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 expand ing 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. 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. Source: Saudi Press Agency