Saudi Export-Import Bank (Saudi EXIM) CEO Eng. Saad AlKhalb stressed that the export sector is a challenging, complex system, distinct from domestic commercial operations, due to the cross-continental nature of export-related supply chains that require interaction with diverse financial systems across different countries.
AlKhalb made his statement yesterday during the seventh edition of the Knowledge Gathering, organized by the Communication and Financial Knowledge Center, an initiative of the Ministry of Finance, which focused on the role of development funds and banks in creating a diverse and sustainable economy.
The event was attended by a group of decision-makers, financial and economic experts, and representatives from the public and private sectors.
AlKhalb pointed out that with the support of its wise leadership, the Kingdom has achieved a significant milestone, as non-oil exports grew by more than 100% between 2020 and 2024, highlighting Saudi EXIM's role as a financial enabler in this achievement.
He noted that the bank offers a comprehensive suite of financing and insurance products that serve local exporters, international buyers, global trading houses, and domestic and international financial institutions. Additionally, a new financing solution was launched this year to support the procurement of production inputs for industrial establishments in the Kingdom, including raw materials, components, semi-manufactured materials, and equipment. As a result, these products have helped bridge the financing gaps left by commercial financial institutions and protect those involved in export operations from non-payment risks and market volatility.
