Riyadh, August 17, 2021: The Saudi Exim Bank, in cooperation with the Federation of Saudi Chambers, launched the “Exporter Financing Tour" during an open meeting with a number of businessmen and women at the Federation of Saudi Chambers headquarters in Riyadh. The meeting will be followed by introductory workshops on the Bank's products and services aimed at financing the export of Saudi non-oil products and enhance their presence in global markets, as part of the Bank's endeavors to be a major contributor to the growth of the Kingdom's non-oil economy.
During the meeting, the CEO of Saudi Exim Bank, His Excellency Eng. Saad bin Abdulaziz Al-Khalb expressed his thanks and appreciation to the wise government for its great attention and support to the development of industrial systems. His Excellency also extended his heartfelt gratitude to the Federation of Saudi Chambers and all the businessmen and women who contributed to the success of this strategy.
H.E. Eng. Al-Khalb added that the meeting activates the constructive partnership between the Saudi Exim Bank and the Federation of Saudi Chambers to provide the Bank's services and products to Saudi exporters. Through this initiative, the Bank seeks to bridge financing gaps and reduce the risks of exporting Saudi products to the world. Aiming to enhance this role, the Bank has launched six financing products with an approved value of SAR 9 billion, mainly benefiting the plastics, pharmaceuticals, petrochemicals, paper products, rubber and plastics, food products, construction and building, agriculture, and aquaculture sectors.
The Chairman of the Federation of Saudi Chambers, Mr. Ajlan bin Abdulaziz Al-Ajlan, expressed his pleasure in cooperating with the Saudi Exim Bank, in order to support the bank's efforts to facilitate the exportation of non-oil products, provide financing and credit solutions that increase the competitiveness of Saudi products, and pave the way for more local and foreign investment opportunities, to achieve the Federation's objectives and advance its strategies in line with Vision 2030.
During the meeting, a cooperation agreement was signed between the Saudi Exim Bank and the Federation of Saudi Chambers, stipulating the importance of coordination between the two parties to provide financial and advisory services to exporters and importers. The agreement aims to enhance cooperation to serve Saudi exporters and manufacturers, exchange information and data, offer support with regard to the bank's products, and participate in organizing meetings, seminars, and workshops for the members of the Federation.
The Saudi Exim Bank provides direct and indirect financing services and insurance policies and aims to increase export opportunities for non-oil goods and services. It offers financing solutions and guarantees to gain the trust of Saudi exporters and foreign buyers. The Bank is scheduled to hold a number of introductory meetings across the various Chambers of Commerce in the Kingdom.
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