EXIM Bank approves 81 financing applications worth SAR 9 bln for over 46 countries

Saad Alkhalb, CEO of Saudi Arabia's EXIM Bank 

Saudi Arabia's EXIM Bank approved more than 81 financing applications worth SAR 9 billion for over 46 countries, Saudi Press Agency reported, citing CEO Saad Alkhalb. 
 

During the launch of the exporters financing round, Alkhalb said the event comes to activate the partnership between the bank and the Federation of Saudi Chambers (FSC) to provide the former's services and products to Saudi exporters.  
 

He added the bank seeks to bridge the financing gaps and reduce the risks of exporting the Saudi products. 
 

EXIM Bank signed a memorandum of understanding (MoU) with FSC to allow exporters and importers to receive the financial and advisory services provided by the bank, as part of joint efforts to promote Saudi non-oil exports. 
 

The scope of cooperation between the two parties includes providing financial and advisory services to exporters and importers, as well as raising awareness of the services and products provided by the bank through holding workshops in the chambers of commerce. This also includes communicating with factories and investors and explaining the bank's facilities and the procedures necessary to receive the financing services.