Saudi Exim Bank holds open meeting with businesspersons in Eastern Province following approval of over 81 funding requests worth SAR 9 billion in exporter financing rounds

 

Dammam, August 26, 2021: As part of the exporters financing round recently launched by the Saudi Exim Bank, the CEO of the Bank, His Excellency Eng. Saad bin Abdulaziz Al-Khalb held an open meeting with the employees of Asharqiya Chamber, at the Chamber's headquarters in Dammam. The meeting was held in the presence of the Chairman of the Asharqiya Chamber, Abdul Hakim Al-Ammar Al-Khalidi, as well as the members of the Chamber and a number of businessmen and women in the region.

The meeting was organized in continuation of the series that started with the Bank's open meeting at the Federation of Saudi Chambers in Riyadh and aims to cover the Chambers of all the Saudi regions. The meetings have been gaining prominence due to the Bank's initiatives to activate its partnerships with the Federation of Saudi Chambers as well as the private sector, and its efforts to introduce products, services, and financing opportunities to support the export of Saudi non-oil products and enhance their presence in global markets. This has been especially significant after the Bank approved more than 81 funding requests worth SAR 9 billion for exports to more than 46 countries around the world, benefiting the plastics, pharmaceuticals, petrochemicals, paper products, rubber, food products, construction and building, agriculture, and aquaculture sectors. Through this, the Bank has strengthened its endeavors to be a major contributor to the growth of the Kingdom's non-oil economy.

During the open meeting, His Excellency Eng. Saad Al-Khalb expressed his thanks and appreciation to the Kingdom's leadership for the continuous support for developing the industrial sectors and the national economy. His Excellency also extended his thanks to the Chairman of Asharqiya Chamber as well as its members and employees, and to all businessmen and women in the region who participated in the event aimed at activating the Bank's partnership with the private sector and strengthening its role in supporting Saudi exports in line with Saudi Vision 2030 besides providing services and products that support Saudi exporters by bridging the financing gaps and reducing the risks of exporting Saudi products to the world.

For his part, the Chairman of Asharqiya Chamber, Mr. Abdul Hakim Al-Ammar, welcomed the CEO of the Bank and the meeting attendees and praised the Bank's role in supporting the export of non-oil products and providing financing and credit solutions that increase the competitiveness of the Saudi products to pave the way for more local and foreign investment opportunities. He added that Asharqiya Chamber works in perfect harmony with the Federation of Saudi Chambers and Saudi Exim Bank to achieve common goals. It was agreed to continue the efforts to provide financial and insurance services to exporters and importers, exchange information and data, provide support regarding the Bank's products requests, and organize meetings, seminars, and workshops for Saudi Chamber's subscribers.

The Saudi Exim Bank provides direct and indirect financing services and insurance policies. It also aims to increase export opportunities for non-oil goods and services and offers financing solutions and guarantees to gain the trust of Saudi exporters and foreign buyers. The Bank is scheduled to hold several introductory meetings across the various Chambers of Commerce in the Kingdom.