Saudi EXIM, Trk Eximbank Sign Credit Line Agreement

Istanbul: The Saudi Export-Import Bank (Saudi EXIM) signed a credit line agreement with Trk Eximbank to promote the flow of Saudi non-oil exports to Trkiye and strengthen trade relations between the two countries. According to Saudi Press Agency, the agreement was signed in Istanbul by Head of Financial Institutions at Saudi EXIM Mohammed AlAbdulmohsen and Strategy and Finance Deputy General Manager at Trk Eximbank Taner Yavuz. The agreement reflects Saudi EXIM's strategic objective to create innovative credit solutions that drive the growth and competitiveness of Saudi non-oil exports in global markets through partnerships with leading international financial institutions. It advances this objective with a particular focus on the Turkish market. By incentivizing Turkish buyers to import Saudi products and services, the agreement creates new opportunities for local exporters to expand their presence in Trkiye, while enhancing commercial cooperation between the two countries. Saudi EXIM operates under the supervision of the Saudi National Development Fund (NDF), playing a key role in diversifying the Kingdom's economic base by strengthening the export ecosystem of national non-oil products and services. By bridging financing gaps and mitigating export risks, the bank supports the sustainable growth of the non-oil economy in line with Saudi Vision 2030.