Who Are the Beneficiaries of the Saudi EXIM Bank?

The beneficiaries of the Saudi EXIM Bank include three categories: local exporters, international buyers, and financial institutions.

The bank aims to enhance the diversification and development of Saudi exports and increase their global competitiveness across various sectors by providing export financing services and guarantees, and export credit insurance with competitive advantages. These services aim to boost confidence in Saudi exports, help them enter new markets, and mitigate the risks of non-payment by importers. The bank also aims to provide credit facilities for importing raw materials to create added value and re-export them.

The Saudi EXIM Bank supports local exporters by providing financial and advisory services in order to enable entities operating in the Kingdom, regardless of their size or activity, to export their Saudi-origin services and goods (excluding petroleum products). The goal is to help these entities enter global markets, increase their competitiveness, and reduce export risks while adhering to the rules and regulations of the World Trade Organization. The bank offers products that meet the needs of exporters at various stages of the export process, such as pre-export financing, working capital financing, and other credit facilities.

International buyers benefit from the Saudi EXIM Bank through the support for importers of Saudi-origin goods and services (excluding petroleum products) in various regional and global markets. The bank provides financing products with flexible arrangements and longer repayment periods. The bank offers International Buyer Credit and other credit facilities from which international importers can benefit.

In the area of financial institutions, the Saudi EXIM Bank plays a complementary role to the commercial financial sector by offering products that encourage banks and commercial financial institutions to support and finance export deals, especially in international markets with relatively high risks. The bank is also committed to forming strategic and effective partnerships with local and international banks and financial institutions.