Jeddah, November 1st, 2021: The Saudi Export-Import (EXIM) Bank continued its Exporter Financing Tours in the Kingdom’s various regions as the CEO of Saudi Exim Bank, His Excellency Eng. Saad bin Abdulaziz Al-Khalb held a joint open meeting with Mr. Mohammed Yousuf Naghi, Jeddah Chamber Chairman, which was attended by a number of businessmen and women in the western region.
The meeting came as part of the bank's efforts to activate its partnerships with Saudi Chambers and the private sector, and to introduce products, services, financing and credit opportunities dedicated to developing the export of Saudi non-oil products and enhancing its presence in global markets. This step comes after the bank approved financing requests with a total value of SAR 8.95 billion for Saudi products and services that were exported to more than 50 countries around the world. Small and medium-sized enterprises (SMEs) accounted for 51% of the total financing requests which also benefited vital sectors such as plastics, pharmaceuticals, petrochemicals, paper products, rubber, food products, construction and building, agriculture and fish farming, and drove the bank's endeavors to be a major contributor to raising the share of the Kingdom's non-oil economy.
During the open meeting, His Excellency Eng. Saad Al-Khalb praised the interaction of Jeddah Chamber Chairman, members and employees, and how businessmen and women in the western region welcomed the bank’s ambitious and accelerated steps within a national system that works in full harmony with the Kingdom’s efforts to increase the export of Saudi non-oil products in accordance with the objectives of Saudi Vision 2030 and its aspirations to provide services and products that support Saudi exporters, and contribute to filling the financing gaps in order to increase the export of Saudi products and services to the world.
For his part, Mr. Mohammed Yousuf Naghi, Jeddah Chamber Chairman, welcomed the bank’s CEO and the guests, praising the bank’s role in supporting the export of non-oil products through financing and credit solutions that contributed to increasing the competitiveness of the Saudi product in global markets, and opened new horizons for local and foreign investment opportunities. Naghi stressed the continuation of joint efforts to provide financial and insurance services to exporters and importers, and to diversify the communication mechanisms between the members of the Federation of Saudi Chambers and the Chamber's subscribers to ensure quick and easy access to the bank's products.
