Local Exporter

​To keep up with the demand from international markets for local products, we offer this product to enable local exporters to acquire international raw materials and help accelerate the production process.

Improving payment conditions between exporters and suppliers is critical. The product offers export-dependent enterprises short-term revolving financing while handling complicated payments and extended payment terms for supply chain credit accounts.

To accelerate the exporter’s collection of their export proceeds prior to their maturity date, this product has been developed to contribute to the acceleration of the collection and provide the cash liquidity necessary to cover the cash flow gap that exporters may experience between the export period and the collection date.

​Liquidity could be an issue for some exporters who purchase production inputs from the local market during the pre-export phase to meet the demands of the foreign buyer. This product, therefore, provides financing that enables exporters to purchase production inputs required for export.

This product protects Saudi exporters from the risk of non-payment by international importers due to commercial or political risks. The exporter applies for an insurance policy contract from Saudi EXIM bank, which indemnifies the exporter if the importer defaults, and then the EXIM bank recovers the amount from the importer, sharing a portion with the exporter after deducting fees and costs.

This product protects banks and financial institutions from the risk of non-payment on confirmed letters of credit. The confirming bank obtains an insurance policy from the Saudi EXIM bank after the foreign bank issues a letter of credit. If the foreign bank defaults, Saudi EXIM bank compensates the local bank and then recovers the amount from the foreign bank, sharing a portion with the local bank after deducting fees.

We provide this product in the form of medium- to long-term loans to support companies’ ability to carry out international projects that incorporate local goods or services, considering the involvement of Saudi companies in the implementation of significant international projects in various fields.

​​Some exporters face challenges in operational expenditures for export requests. As a result, this product provides liquidity that fulfills short-term export-related needs, thereby boosting export growth.