The Saudi Export-Import Bank (Saudi EXIM) and Riyad Bank have signed a cooperation agreement, along with a documentary credit insurance policy (DCIP) aimed at providing clients with access to banking solutions through Riyad Bank.
The agreement was signed by, H.E. Eng. Saad bin Abdulaziz Al-Khalb, CEO of Saudi EXIM Bank, and Mr. Tariq Al-Sadhan, CEO of Riyad Bank, alongside officials from both parties. The signing ceremony took place at Riyad Bank's headquarters in Riyadh.
H.E. Eng. Saad Al-Khalb stated that the agreement is part of the bank's partnerships thar are established with local and international financial institutions. He emphasized that the collaboration with Riyad Bank aims to strengthen the bank's role in supporting Saudi exporters. H.E. reaffirmed Saudi EXIM's commitment to providing products and services that bolster export activities and meet the needs of both local exporters and international buyers.
For his part, Mr. Tariq Al-Sadhan shared his pride in the agreement, describing it as a continuation of the strategic partnership between Riyad Bank and Saudi EXIM Bank. He noted that the agreement introduces new approaches to foster Saudi exports, thereby contributing to the diversification of the Kingdom's economy in line with Vision 2030. The partnership, he added, offers innovative credit and financing solutions designed to benefit Saudi exporters.
