His Excellency the CEO of Saudi EXIM Bank, Eng. Saad bin Abdulaziz Al-Khalb, participated as a keynote speaker in the dialogue session "Funding Global Mineral Value Chains: Exploration, Projects, and Trade Finance" at the third edition of the Future Minerals Forum, held on January 10 and 11, 2024, at the King Abdulaziz International Convention Centre in Riyadh.
His Excellency Engineer Al-Khalb emphasised the significant contribution of the Saudi EXIM Bank in offering financial support to Saudi exporters. He pointed out that this initiative is directed towards diversifying income sources and minimising reliance on oil, aligning with the Kingdom's Vision 2030 goals. He underscored the bank's continuous efforts to tackle challenges faced by exporters by providing financing solutions, guarantees, and export credit insurance. Additionally, he mentioned the bank's role in bridging financing gaps and mitigating risks for investors, lenders, and merchants.
His Excellency affirmed that the bank has allocated over 2 billion US dollars to bolster the mining sector. He went on to add that recently, a credit facility agreement was also signed with Trafigura for 500 million US dollars, which is aimed at facilitating Saudi non-oil exports, including Minerals.
