Saudi EXIM credit facilities hit SAR 40B in 2025: Chairman

Saad Al-Khalib, Chairman of Saudi Export-Import Bank (Saudi EXIM)

Saudi Export-Import Bank (Saudi EXIM) Chairman Saad Al-Khalab said total facilities provided by the bank have exceeded SAR 40 billion this year.

Speaking to Argaam, Al-Khalab noted that since its launch in February 2020, the bank has extended credit facilities exceeding SAR 100 billion, split roughly 40% for financing and 60% for insurance, aimed at supporting Saudi exporters, financial institutions, and foreign importers.

On sector allocation, Al-Khalab said 60% of facilities go to the industrial sector, over 20% to mining, with the remainder directed to services, tech, and agricultural industries.

He highlighted a marked increase in demand for both primary and processed mining products, noting that the bank has provided revolving facilities exceeding $1.5 billion to more than eight major exporters and global trading houses, supporting exports to over 150 countries.

Al-Khalab added that the bank continues to bridge financing gaps for Saudi exporters, enhance export risk insurance, and open new markets. He cited the launch of the Jusoor product, enabling Saudi manufacturers to import raw materials and equipment with financing from international institutions, as well as the introduction of investment insurance for Saudi investors abroad.

On target markets, Al-Khalab said Saudi exports remain focused on Asia, Europe, and the Americas, while expanding into Africa, with offices now in Johannesburg and Casablanca and a Cairo branch planned to cover broader regions.