The regulation of the Saudi Export-Import Bank was approved by the Council of Ministers Decision No. (423) dated 06/24/1441 AH corresponding to 02/18/2020 AD with the aim of promoting the development and diversification of Saudi exports and increasing their ability to compete in global markets in various sectors.
It aims to provide export financing, guarantees, credit insurance and different facilities with competitive advantages to enhance confidence in Saudi exports and their entry into new markets. In addition, Saudi EXIM Bank aims to reduce the risks and create added value for Saudi-made exports and imports.
All of this comes with the support and empowerment of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness Prince Muhammad bin Salman bin Abdulaziz - may God protect them - in light of the goals and foundations of the Kingdom's Vision 2030 concerned with increasing the ratio of non-oil exports and diversifying national economy income sources.