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Buyer’s Credit Insurance Policy

​​​​​​To provide financial institutions with the insurance required to finance purchases of local goods and services by international importers, we offer this product that covers the risk of importers defaulting on payments and contributes to increasing the competitiveness of local products internationally.​

Properties
Product Method

1. The commercial bank [policy holder] provides a list of foreign buyers that they want to be included in their policy, it should include identifying information and the exposure they want to cover, SaudiEXIM will review the request and submits an offer that includes the accepted coverage.

Product Advantages

- Support banks and financial institutions in structuring credit that benefits local exports.
- Protection against credit risk.
- Increase exports volume and access to global markets.
- Expand clients’ base and develop relations with foreign buyers.

The Sectors Eligible to Benefit from The Product

All sectors are eligible to benefit from the product.

Duration of Insurance Coverage

Medium, long term, up to 15 years.

Financing Limit for Coverage

Up to 90% of the volume of the policy.

Eligibility

​ All local and international banks and financial institutions​