- Saudi EXIM Bank provides export credit insurance to protect Saudi exporters against non-payment risks, enabling expansion into international markets.
- In 2024, insured exports reached USD 5.57 billion, with SMEs accounting for nearly 40% of total facilities, surpassing targets.
- The Bank introduced new insurance products and an advanced risk analysis platform to address evolving exporter needs, especially in high-risk markets.
- Geographic coverage expanded to 150 countries, supported by a reinsurance agreement with Allianz Trade for enhanced risk management.
- The Bridges Initiative (Jusoor) was launched to streamline imports for Saudi manufacturers, supporting strategic industries and aligning with the National Industrial Strategy.
Source: zawya.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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