One of the fundamental objectives of the Saudi Vision 2030 is to increase the non-oil exports of the Kingdom’s Gross Domestic Product by 2030. Our leadership recognized the importance of achieving this objective and supported it by approving the mandate of the Saudi Export-Import bank which was approved on Jumada 24, 1441 AH by the Council of Ministers.

The aim of the Saudi EXIM Bank is:

• Promote the development of Saudi exports along with their diversity and competitiveness.
• ​Provide export financing, guarantees and export credit insurance services with competitive advantages.
• Enhance confidence in Saudi exports supporting their penetration of new markets and reducing non-payment risk.
• ​Provide export credit facilities.

​With the soft launch of Saudi Export-Import Bank, two financing products were offered (pre-export financing and buyers credit). Moreover, additional financing and credit solutions will be offered targeting all stages of the export ​process which will cover the gap in the export ecosystem and fulfill the exporters needs.​

The export products developed by the Saudi EXIM Bank will cover the following:

• Finance the purchases of raw materials related to export orders. 
• Finance the working capital needs associated with export activities.
  
• Indirect finance (such as guarantees) through cooperation with local and international financial institutions.
  
• Export insurance to reduce the default risk of foreign importers purchasing Saudi goods.