Saudi Export-Import Bank (Saudi EXIM Bank) has signed a Memorandum of Understanding (MoU) with two Polish financial institutions, Bank Gospodarstwa Krajowego (BGK) and Polish export credit agency (KUKE), strengthening cooperation in export support, financing, and insurance, and expanding trade and investment between Saudi Arabia and the Republic of Poland.
The agreement was signed by Saudi EXIM Deputy CEO, Dr. Naif bin Abdulrahman Al-Shammari, Member of the Board of BGK, Mateusz Szczurek, and CEO and President of the Board of KUKE, Janusz Władyczak during the Saudi-Polish Investment Forum.
The MoU enhances collaboration among the three parties in export support, financing, and insurance, including export-related co-financing, guarantees, insurance, and reinsurance. It also promotes the exchange of information and expertise relating to export credit policies and practices, in addition to organizing meetings, workshops, training programs, and capacity-building initiatives.
The agreement further enables Saudi and Polish companies to explore joint business and project opportunities of mutual interest, while facilitating access for non-oil exports to both markets through the cooperation of export finance and guarantee institutions.
On this occasion, Saudi EXIM Deputy CEO, Dr. Naif bin Abdulrahman Al-Shammari stated:
“This memorandum comes as an extension of Saudi EXIM's efforts to build high-quality partnerships with global export finance and credit insurance institutions, and to establish a cooperation framework that enables exporters and buyers in Saudi Arabia and Poland to access new markets. Through this cooperation, we look forward to enhancing the flow of mutual trade and investment and opening broader horizons for companies to benefit from the opportunities available in both countries."
Established in 1924, BGK is Poland's national development bank ranked among the top five development banks in Europe. BGK plays a critical role in fostering economic growth and financing strategic projects. KUKE is Poland's accredited national export credit agency, providing insurance and risk management solutions to support Polish exports and investments in global markets, and working closely with both local and non-Polish banks and financial institutions to promote global trade.
The signing of this MoU aligns with the strategy of Saudi EXIM Bank to build effective partnerships with export finance and credit guarantee institutions worldwide, supporting the growth and competitiveness of Saudi non-oil exports in regional and global markets, in line with the objectives of Vision 2030.
