Saudi Export-Import Bank (Saudi EXIM Bank) participated as a strategic partner in the fourth annual Future Minerals Forum (FMF), organized by the Ministry of Industry and Mineral Resources under the theme "Year of Impact." The bank contributed insights to drive global development in the mining sector and foster international trade relationships through panel discussions and the conference’s accompanying exhibition.
On the sidelines of the forum, Saudi EXIM Bank signed a $15 million credit-line agreement with Pakistan’s Habib Metropolitan Bank Limited to enhance the flow of non-oil Saudi exports to the South Asian country. Under the agreement, Habib Metropolitan Bank will provide credit facilities to importers in Pakistan to finance the purchase of Saudi products. The collaboration aligns with Saudi EXIM Bank's efforts to expand the Kingdom's export base, boost competitiveness in regional and global markets, and open new avenues for export.
The agreement was signed by Saudi EXIM Bank Chief Executive Eng. Saad Alkhalb and Habib Metropolitan Bank's senior executive vice president and head of south commercial banking and financial institutions Syed Ather Ahmed.
This strategic cooperation aims to strengthen economic and trade ties between Saudi Arabia and Pakistan while increasing commercial opportunities that contribute to the Kingdom’s non-oil economic growth.
Additionally, Saudi EXIM Bank held a series of productive meetings with major companies, agencies, and financial and trade institutions during the forum. The discussions explored opportunities to enhance trade exchange between Saudi Arabia and various countries and promote cooperation to increase the penetration of Saudi non-oil exports across multiple sectors, including mining and minerals.
