Saudi EXIM Bank Extends $26.6bn in Credit to Boost Non-Oil Exports
The Saudi Export-Import Bank has provided SR100 billion ($26.6 billion) in credit facilities since its establishment in 2020, aiming to enhance the competitiveness of non-oil exports.
Riyadh: Saudi Arabia's Export-Import Bank (Saudi EXIM Bank) has disbursed SR100 billion ($26.6 billion) in credit facilities since its inception in 2020, marking a major milestone in its developmental journey.
This achievement underscores ongoing efforts to bolster the national economy by supporting non-oil exports and improving their performance in both regional and international markets, according to the Saudi Press Agency.The accomplishment aligns with Saudi Vision 2030, which aims to increase the share of non-oil exports from 16% to 50% of the gross domestic product (GDP).
This shift seeks economic diversification and sustainable growth for the Kingdom.
Data released in August indicates that credit facilities expanded by 44% in the first half of 2025, reaching SR23.61 billion as the state lender intensified efforts to accelerate non-oil export growth.Saad bin Abdulaziz Al-Khalb, CEO of Saudi EXIM Bank, stated that since its establishment, the bank has made significant strides in supporting Saudi non-oil exports.
He highlighted the institution's rapid qualitative advancements in providing credit facilities, enabling Saudi non-oil exports to expand and penetrate various global markets.
This milestone was achieved within the first year of the bank's operational phase following its completion in February 2020.Al-Khalb emphasized that the bank will continue striving to reach further horizons to achieve broader development and economic goals.
He added that efforts will be intensified to forge strategic partnerships aimed at enhancing the export-import system's efficiency, facilitating trade with regional and global markets, and stimulating commercial and investment opportunities for local exporters across different sectors.The bank prioritizes building international partnerships to enhance the development, diversification, and global competitiveness of Saudi non-oil exports.
This is done while adhering to the highest standards of efficiency and transparency, relying on sustainability principles, as well as environmental, social, and corporate governance within its strategic and operational framework.Saudi EXIM Bank was established in February 2020 under the oversight of the National Development Fund.
Its mission involves supporting and expanding Saudi non-oil exports by addressing financing gaps and mitigating export-related risks.
This contributes to sustainable economic growth and diversifying the Kingdom's income sources.
This achievement underscores ongoing efforts to bolster the national economy by supporting non-oil exports and improving their performance in both regional and international markets, according to the Saudi Press Agency.The accomplishment aligns with Saudi Vision 2030, which aims to increase the share of non-oil exports from 16% to 50% of the gross domestic product (GDP).
This shift seeks economic diversification and sustainable growth for the Kingdom.
Data released in August indicates that credit facilities expanded by 44% in the first half of 2025, reaching SR23.61 billion as the state lender intensified efforts to accelerate non-oil export growth.Saad bin Abdulaziz Al-Khalb, CEO of Saudi EXIM Bank, stated that since its establishment, the bank has made significant strides in supporting Saudi non-oil exports.
He highlighted the institution's rapid qualitative advancements in providing credit facilities, enabling Saudi non-oil exports to expand and penetrate various global markets.
This milestone was achieved within the first year of the bank's operational phase following its completion in February 2020.Al-Khalb emphasized that the bank will continue striving to reach further horizons to achieve broader development and economic goals.
He added that efforts will be intensified to forge strategic partnerships aimed at enhancing the export-import system's efficiency, facilitating trade with regional and global markets, and stimulating commercial and investment opportunities for local exporters across different sectors.The bank prioritizes building international partnerships to enhance the development, diversification, and global competitiveness of Saudi non-oil exports.
This is done while adhering to the highest standards of efficiency and transparency, relying on sustainability principles, as well as environmental, social, and corporate governance within its strategic and operational framework.Saudi EXIM Bank was established in February 2020 under the oversight of the National Development Fund.
Its mission involves supporting and expanding Saudi non-oil exports by addressing financing gaps and mitigating export-related risks.
This contributes to sustainable economic growth and diversifying the Kingdom's income sources.
