Saudi EXIM Bank

Saudi EXIM Bank is a Saudi bank specialized in financing and promoting Saudi exports with the aim of raising the level of competitiveness across global markets in all sectors. The bank was established in 2020, and has financial and administrative independence. Its headquarters is located in the city of Riyadh.

The Saudi EXIM Bank provides credit facilities for imports and promotes the development of Saudi exports. It offers services in export financing, as well as guarantees and export credit insurance, as to achieve the goals of Saudi Vision 2030, which seeks to increase non-oil exports to non-oil GDP.

Saudi EXIM Bank provides solutions and services that enhance Saudi exports by establishing partnerships in the public and private sectors with entities at the local and international levels, in addition to providing financial, economic or technical advice to beneficiaries. The bank cooperates with local and international financial institutions and commercial banks to provide integrated financial services for export financing. It also studies and follows up on services in the development of export financing, guarantees and export credit insurance at the international level, in addition to identifying best practices and standards to improve its services.

Saudi EXIM Bank offers financing and advisory services to Saudi exporters. It enables establishments operating in the Kingdom, of all types and activities, to export their services and goods of Saudi origin (except for petroleum products) with the aim of offering them to global markets, increasing their competitiveness and reducing their export risks, while taking into account the provisions and regulations of the World Trade Organization.

The bank supports international importers, i.e. importers of goods and services of Saudi origin (excluding petroleum products) in various regional and global markets by providing financing products at flexible terms and longer repayment periods. Furthermore, the bank empowers financial institutions by providing products that encourage commercial and financial institutions and banks to support and fund export deals in high-risk international markets. Saudi EXIM Bank also forms strategic and effective partnerships with local and international financing institutions and banks.

The Minister of Industry and Mineral Resources chairs the Board of Directors of the Saudi EXIM Bank. It includes representatives of several governmental entities, namely the Ministry of Finance, the Saudi Export Development Authority, the Local Content and Government Procurement Authority, the Saudi Fund for Development, and the National Development Fund.

The Board of Directors of Saudi EXIM Bank approves the bank's general policies, work plan and organizational structure. Moreover, it determines the types of credit facilities provided by the bank, approves the compensation for the bank's services and loans, and adopts administrative and financial regulations, as well as other tasks related to the bank's jurisdiction.

The Saudi EXIM Bank achieves two goals of the National Industrial Strategy launched by His Royal Highness Prince Mohammed Bin Salman Bin Abdulaziz, Crown Prince, Prime Minister, and Chairman of the Council of Economic and Development Affairs on October 18, 2022. The first goal is to double the value of Saudi industrial exports from SAR254 billion in 2022 to SAR557 billion in 2030 and SAR892 billion in 2035. The second goal is to increase Saudi exports by six times in terms of advanced technical products.