EXIM Bank provides over SAR 10 bln finance for 125 applications in 2021

Yahia Al-Harthi, Director of Customer Recruitment at Saudi EXIM Bank

The Saudi Export-Import Bank (Saudi EXIM Bank) provided SAR 10 billion worth of finance for 125 applications by the end of 2021, Yahia Al-Harthi, Director of Customer Recruitment at Saudi EXIM Bank, said in the exporters credit solutions workshop held in Riyadh.

A total of 14 production sectors benefited from EXIM Bank’s credit facilities,

The bank provides credit solutions to Saudi importers and exporters in the markets, which import from Saudi Arabia, to raise enhance the competitiveness of local products globally.

The bank has presence in 60 countries. It covers all services and products offered in the Saudi market, except for oil products. Small and medium-sized enterprises (SMEs) represent the majority of EXIM Bank’s clients, Al-Harthi added.

The bank’s financing solutions help Saudi products access new markets, he concluded.