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22-04-21
Saudi Export-Import Bank confirms USD2.13B in lending to non-oil exporters
(MENAFN)The Saudi Export-Import (EXIM) Bank confirmed SR8 billion (USD2.13 billion) in offering to non-oil exporters as it was inaugurated early 2020, supporting them to share their commodities to over 45 countries around the world.
The lender was set as part of the government’s Vision 2030 goal to increase the share of exports in the non-oil economy from 16 percent now to 50 percent by the end of the decade.
Arab News quoted Dr. Naif Al-Shammari, acting CEO of Saudi EXIM as saying that “We at Saudi EXIM are mandated to serve all Saudi-based exporters of non-oil content, be it goods, services or intermediate value-added products, irrespective of their enterprise size. We do so by ensuring that our role complements that of commercial lenders instead of eroding it or competing with it.”
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